Ethiopian Airlines To Expand Widebody Fleet With Up To 20 Boeing 777X Jets
Portfolio Pulse from Benzinga Newsdesk
Ethiopian Airlines has agreed to purchase up to 20 Boeing 777X jets, including a firm order for eight 777-9 passenger airplanes, marking the airline as the first 777X customer in Africa. This deal builds on Ethiopian Airlines' 2023 order for 11 787 Dreamliner and 20 737 MAX airplanes, aiming to modernize and expand its fleet. The 777-9, featuring advanced technologies for improved fuel efficiency and reduced carbon emissions, supports Ethiopian Airlines' growth and fleet renewal strategy. Boeing's partnership with Ethiopian Airlines extends to developing the country's aerospace industry and educational initiatives.
March 05, 2024 | 4:00 pm
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Boeing secures a deal with Ethiopian Airlines for up to 20 777X jets, reinforcing its partnership and marking a significant sale in the African market.
The agreement for up to 20 Boeing 777X jets with Ethiopian Airlines not only signifies a substantial sale for Boeing but also strengthens its presence in the African market. As the first 777X customer in Africa, Ethiopian Airlines' commitment could influence other carriers in the region to consider Boeing for their fleet expansion or renewal needs. The deal, building on a previous order for 787 Dreamliner and 737 MAX airplanes, highlights Boeing's ongoing partnership with Ethiopian Airlines and its strategic importance in the global aviation market. The positive impact on Boeing's stock is anticipated due to the potential for increased sales and the strengthening of its market position in Africa.
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