Acquisition of aircraft - African Trade Insurance Agency

Project: Acquisition of aircraft

Sectors: Financial and Insurance Activities

Project Value: USD159 million

Risk Country: Ethiopia

Development Impact: ATI backed a loan from the African Development Bank to fund Ethiopian Airlines’ fleet expansion with the purchase of an Airbus A350-900 jet. The airline’s aggressive expansion strategy includes doubling its fleet and increasing revenue to USD 10 billion in the next decade.

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