Ethiopian Airlines Enters $5 Billion Deal with Boeing for Cargo Aircraft

Ethiopian Airlines Group has expanded its commitment with aircraft manufacturer Boeing beyond its initial order for eight 777-8F cargo jets. According to details of the transaction, the comprehensive package adds two current-generation Boeing 777 freighters scheduled for delivery in 2027 and 2028. Additionally, the agreement incorporates the conversion of four Boeing 777 passenger aircraft into dedicated cargo freighters. The deal also encompasses purchase rights for an additional eight aircraft, which could potentially increase Ethiopian Airlines' overall commitment to 16 planes. Mesfin Tasew, Chief Executive Officer of Ethiopian Airlines Group, stated that the nominal value of the entire agreement is approximately five billion dollars. However, the CEO declined to disclose the specific financial transaction value agreed upon between the airline and Boeing.