IN a significant stride towards fostering its aerospace capabilities, Ethiopian Airlines, the largest state-owned carrier in Africa, is poised to embark on an aircraft parts manufacturing venture in collaboration with Boeing. The Ethiopian Investment Commission announced the groundbreaking partnership on Friday, August 18, revealing an initial investment of $15 million to kickstart the endeavour.
The venture encompasses a comprehensive agreement, with the state Industrial Parks Development Corporation joining hands with Ethiopian Airlines and Boeing to bring the project to fruition. The collaboration underscores the ambitions of both parties to bolster local aerospace capabilities, marking a pivotal chapter in the country’s aviation industry.
The joint venture is set to produce a range of aerospace components, including aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and other integral parts essential for aviation. The Ethiopian Investment Commission articulated that the project is anticipated to create substantial employment opportunities for more than 300 Ethiopians, contributing to economic growth and skills development within the region.
While the commission did not provide a specific timeline for the commencement of production, the move highlights Ethiopian Airlines’ commitment to addressing industry challenges. The venture’s goals align with the broader mission of elevating Ethiopia’s position in the global aerospace landscape.
Boeing, a renowned name in the aviation sector, brings its expertise and collaboration to this endeavor. However, there was no immediate comment from the aerospace giant regarding the partnership.
Ethiopian Airlines’ pursuit of manufacturing aircraft parts echoes the experiences of several African carriers grappling with parts shortages. The Ukraine war crisis, which disrupted the supply of Russian titanium, an essential component of aviation manufacturing, has led to flight disruptions for airlines like Kenya Airways.
As the largest state-owned carrier in Africa with a fleet of 140 aircraft, Ethiopian Airlines reported a notable 20 percent increase in earnings, amounting to $6.1bn, during its latest financial year ending in June. The venture with Boeing signifies a strategic move by the airline to not only bolster its economic standing but also contribute to the growth of Ethiopia’s aerospace industry.
The partnership between Ethiopian Airlines and Boeing holds the potential to reshape the country’s aviation landscape, elevate its aerospace capabilities, and further position it as a key player in the global aviation arena.