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Ethiopian Airlines CEO credits Boeing 787 planes for contributing to profits
ADDIS ABABA, Ethiopia — Ethiopian Airlines has made a record profit, the company’s chief executive officer said this week
Tewolde Gebremariam partly credited the profitability of Ethiopian Airlines to Boeing’s problematic 787 planes.
He said the company’s operating profit between July 2012 and June 2013 is 2.7 billion birr ($143,137,098) from a billion birr ($53,013,740) the previous financial year.
Citing unaudited company accounts Tewolde said that the company’s net profits also surged during the period to 2.03 billion birr ($107,617,892) from 734 million birr ($39,230,167) of the previous year, a 178 percent increase.
Tewolde said the performance is a result of “exceptionally dedicated employees” and the Boeing 787 planes he described as super-efficient. He said the planes helped the company save on fuel costs.
In January, Dreamliner’s around the world were grounded because of overheating lithium batteries. Ethiopian Airlines was the first to get the plane back in the air, on April 27. In early July one of the company’s 787 planes was damaged by a fire while parked at London Heathrow airport.
The plane had been parked for about 10 hours when a worker in the control tower saw smoke coming out, and activated a crash alarm.
British air safety officials have subsequently recommended that emergency transmitters on Boeing 787s should be disabled after finding that one of the squat orange boxes was the only thing with enough power to start a fire in the scorched tail section of the 787.
Tewolde said Ethiopian Air would have been even more profitable, if it had not been for incidents involving the 787 planes.
“Definitely the incidents and grounding have some impact. We were very fortunate that coincidentally the grounding of the planes were in what we call slack season . it’s a slow demand season. So were able to minimize the level of the impact,” said Tewolde.
He insisted the Dreamliner’s are “the future of the aviation” and his company is sticking with plans to buy five more of the planes and lease three others.
“Whenever we introduce the aircraft in any route, the load factor immediately increases, which means our customers love the plane, they are enjoying its features,” Tewolde said.
He said the incidents with the Dreamliner are part of a natural teething period “which is not unusual for a technologically game- changing aircraft such as the Dreamliner.”
Ethiopian Airlines operates an all-Boeing fleet with some 1,330 weekly flights. The airline flies to 76 international and 17 domestic destinations.
The legacy of HIM continues to shine.
Next step is to kick out TPLF stogies and looters like Tewolde and keep the tradition going!
With or without the Agazi Bandits
Administration ,EAL has already been a profitable Company .But there’s still a risk of bankrupcy with the actual Administration Firing qualified staff replacing them with their family members and
sell out Bandas .With the Milatary Cheaf of Staff Bureau and the Security EAL is also betwen the Institutions where Tigrigna has been the main Language of Communication . By the way have you seen the new ETV
comedy on the Dead Crime Minister ,specially concerning one of his sister and brother .
Ethiopian is the best. We respect and love the airline and all the brave Ethiopians working there
It is clear that Ethiopian has the best management and competitive services. Ethiopian is the very respected airlines with its beautiful and charm hostesses and best services all over the world.
Ethiopian is the first airlines in Africa. It is the pride to all Ethiopians. Ethiopian has to remain always fully in the Ethiopian people’s ownership as the bank of Ethiopia and other very important and fundamental sectors do including energy, telecom, land, infrastructure and so on.
The future to the Ethiopian airlines is and will be Africa connecting within and the rest of the world. Connecting Africa with Asia including China, Japan, Korea and India, and Latin America including Brazil must be the Ethiopian target in the long run. This route will be the centre of aviation including cargo because of these regions i.e. Africa, Asia and Latin America going to be the centre of the world matters including economic, trade and tourism.
@ment4you - keep dreamin boy. TPLF is paying the bills while you sit and chat rubbish. Sekaram Diaspora!
Wow! For sure the dream liner is a real dream come true in the innovative aviation world.
It is worth the waiting and the confidence by EAL, to make this 21st century state of the art flying machine.
Kudos to the whole EAL crew members and leadership!
Thank you for being our pride!
The honorable fesam ADGI/AHIYA -TEDDY, to be fair to ADGI, it’s useful domestic animal to the Ethiopian sociaty. However, you have some similar behavior to ADGI/AHIYA and from now on you will be considered as useless ADGI/AHIYA…LOL.
God bless the world!
good morninng iwant visit to ethiopia pls geve mor information iam from qatar
and iwnt meerid from ethiopia
Betetu …LOL!!! As a TPLF Thug worst a Village Idiot what really counts for you is just that the EAL CEO is from your desperate rocky land worst an Agazi Ass Hole like you …Once again Adgi is more than a honorable Title that you could not even deserved ….LOL !!!!FANDYA BANDA!!!
TEDDY ADGI YE AHIYA FANDIA ASSHOLE SHABIA,…
You remember when we deport you and your friend men-4-you the sh!t head shabian back to your no land sing-a-poor?
We had to classify you both as getaba aihya “useless donkeys".
And now you prove that by crying 24/7.
Adgi ,time to shut your stinky mouth ,it’s been now more than
8 years that you have proved that you are the Agazi AMICHE Donkey ,the well known SHABI’s MULE …Which means the Greatest ADGI ever known on this paltalk .
AMICHE AGASES BANDA !!!!!!!
Well done Ethiopian. keep on growing, and remember your employees are your best success and pride and compensate them as needed and as it sounds right.
Go to great length, proud Ethiopian.
Let’s all africans celebrate together on our common arline’s remarkable achivement.
Camon Tewolde! We know how you are trying to manipulate and deceive the media and public. It is not true announcing the said profit was due to the so called Dreamliner. Had you been a man with vision, you could have also taken into attention “if the 787 aircraft with many unsetteled issues was unable to operate” to plan other options. As you are incompatible manager your load plan for same aircraft was ubruptted unexpectedly. Due to this in most routes the overload of passengers who were forced to leave behind are still collecting 600.00Euros plus hotel and the next day confirmed booking for minimum of 15 to 25 passengers each day on the western european routes. You are short sighted and a cadre of the woyane doing things to please your lords! Otherwise ET is miraculosly surviving without you and your alike woyane stooges who are working hard for their own belly. It is an open secret you have been paid well to advertise for Boeing as this same Aircraft is still undergoing serious issues before it is airworthy. Shame on you as always you are a vagabond who one of this days is going to be revealed what you really are.
“Tewolde Gebremariam partly credited the profitability of Ethiopian Airlines to Boeing’s problematic 787 planes”
“He said the planes helped the company save on fuel costs.”
Lmaooo is this guy serious?
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