Ethiopian Airlines merges with Ethiopian Airports forming Aviation Holding Group
Aviation - The state-owned Ethiopian Airlines Group has merged with the Ethiopian Airports Enterprise (EAE) creating the Aviation Holding Group with a regulation approved by the Council of Ministers on July 14, 2017.
September 7, 2017: The state-owned Ethiopian Airlines Group has merged with the Ethiopian Airports Enterprise (EAE) creating the Aviation Holding Group with a regulation approved by the Council of Ministers on July 14, 2017.
The new Holding Group comprises Ethiopian Airports Enterprise, Passenger Airline, Cargo Airline & Logistics Company, Ethiopian Aviation Academy, Ethiopian In-flight Catering Services, Ethiopian MRO Services and Ethiopian Hotel and Tourism Services.
The new holding company is part of the Ethiopian Airlines' 15-year strategy plan ‘Vision 2025’. The companies under Ethiopian Airlines have been preparing themselves to stand autonomously for the last seven years since the launch of the plan. The regulation cites the merger will help the Airline cope with the global aviation competitive market.
Ethiopian Airlines Group CEO, Tewolde Gebremariam explained that “the primary objective of the merger is to make our airports’ services more effective and efficient so as to enable it to provide global standard customer services with the aim of promoting competitiveness with international airports in the region.” The Enterprise has been running 23 airports - four are international, and some are under construction.
