Business

Ethiopian Airlines agrees to buy 10 Boeing cargo planes

AI SUMMARY

Ethiopian Airlines has signed an agreement to purchase 10 Boeing cargo planes with an option for eight additional aircraft.

Ethiopian Airlines signed a deal on Wednesday to buy 10 Boeing cargo planes.
The order consists of eight Boeing 777-8Fs and two 777Fs.
The catalogue price of the aircraft is $5 billion, though the agreed actual price is confidential.
The state-owned airline holds an option to purchase eight more 777-8Fs.
Ethiopian Airlines currently operates a fleet of more than 140 jets, including 12 777F cargo planes, three Boeing 767 freighters, and four converted 737s.
The airline is helping fund a $12.5 billion project for Africa's largest airport, scheduled to open its first phase in 2030.