Ethiopian Airlines and the Eastern and Southern Africa Trade and Development Bank (PTA) signed a US$ 22 million loan agreement at Capital Hotel, Addis Ababa, yesterday.
According to the agreement, the loan will used to finance the first phase of the Airline's housing project, which aims to build 1,192 houses for its employees.
Singapore Airlines and Ethiopian Airlines customers will be able to enjoy seamless travel to more destinations as a result of an expanded codeshare agreement between the Star Alliance partners.
Under the agreement, codesharing has been expanded with immediate effect to Ethiopian Airlines-operated flights between Singapore and Addis Ababa, Ethiopia’s capital, via Bangkok, and flights between Addis Ababa and Pointe Noire in Congo, Accra in Ghana, Entebbe in Uganda, and Kigali in Rwanda.
Ethiopian Airlines is taking off for a major expansion, adding new routes in Africa and Europe alongside increased flight frequencies. The airline's CEO recently announced plans to boost its domestic and international reach.
Ethiopian Airlines, Ethiopia’s flag carrier, announced the launch of nonstop flights to Seychelles from Addis Ababa beginning on
the 1st April of 2012.
The airline is pleased to begin services to Seychelles famous for its beauty and the home of two UNESCO designated World Heritage Sites; the world’s largest raised coral atoll and Praslin’s Vallée de Mai, said to be the site of the original Garden of Eden according to Tewolde Gebremariam, Chief Executive Officer of Ethiopian.
Ethiopian Airlines announced expansion of its Asian network with the addition of three new destinations,Ho Chi Minh City, Manila and Seoul, as of June 18.
Ethiopian flights from Addis Ababa to Hong Kong will no longer need to stop in Bangkok; Hong Kong will now be served with a daily non-stop service from Addis Ababa instead of the current four-times-a-week flights routed through Bangkok, the airlines said.
