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Boeing and Ethiopian Airlines have announced plans to establish a joint venture for the manufacturing of aircraft parts, marking a significant collaboration between the aviation giant and Africa’s largest state airline.
The initiative comes with an initial investment of $15 million, as revealed by the state investment authority. The partnership will also involve the local state-owned Industrial Parks Development Corporation, according to the Ethiopian Investment Commission.
The venture is set to encompass the production of various aerospace components, including aircraft thermal-acoustic insulation mats, electrical wiring harnesses, and other essential parts. This ambitious project is projected to generate job opportunities for more than 300 Ethiopians, contributing positively to the local workforce and economy.
While the exact commencement date of production remains unspecified, the Ethiopian Investment Commission’s announcement sheds light on the remarkable potential of this collaboration. The joint venture holds promise for enhancing the aviation industry’s capabilities and resources, which is particularly crucial amid the challenges faced by the global aviation sector.
Despite the significant strides being taken in this partnership, there has been no immediate response from Boeing regarding the venture. However, the move reflects a proactive effort by Ethiopian Airlines to further expand its operational scope and play a more significant role in the aviation supply chain.
In the broader context of the aviation landscape, some African airlines, like Kenya Airways, have experienced disruptions due to a shortage of aircraft parts stemming from global supply chain disruptions.
These disruptions were triggered by the conflict in Ukraine, which impacted the availability of Russian titanium, a vital material in aviation manufacturing.
It’s worth noting that Ethiopian Airlines, boasting a fleet of 140 planes, demonstrated strong financial performance with a 20% rise in profits to $6.1 billion during its previous fiscal year, highlighting its resilience and adaptability within the ever-evolving aviation industry.
The partnership with Boeing signals a new chapter for Ethiopian Airlines, as it positions itself to contribute significantly to the production and supply of essential aerospace components.Google+