EconomyLens.com
No Result
View All Result
Tuesday, December 30, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Ethiopian Airlines signs deal for $6 billion mega airport

Thomas Barnes by Thomas Barnes
August 10, 2024
in Business
Reading Time: 3 mins read
A A
0
122
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Ethiopian Airlines is the largest carrier in Africa . ©AFP

Nairobi (AFP) – Ethiopian Airlines has signed a deal for the design of a new $6 billion airport described as the biggest in Africa, state media reported. The new hub will be able to handle 100 million passengers a year once completed in five years, Ethiopian Airlines chief executive Mesfin Tasew was quoted as saying at a press conference on Friday.

Related

Beyonce declared a billionaire by Forbes magazine

China’s BYD poised to overtake Tesla in 2025 EV sales

Pakistani firm wins auction for state airline PIA

Italy fines Ryanair $300 mn for abuse of dominant position

Billionaire Ellison offers personal guarantee for son’s bid for Warner Bros

He said Ethiopian Airlines had signed a memorandum of understanding (MoU) with Dubai-based consulting company Dar to develop the design for the airport, which will have four runways. It will be built in Bishoftu, about 40 kilometres (25 miles) southeast of the capital Addis Ababa, and stretch across 35 square kilometres (13.5 square miles), he said.

“The first phase includes the construction of the airport facility with a capacity of 60 million passengers per year and the completion of phase two of the airport project will grow to handling more than 100 million passengers per year,” Mesfin said, according to state-affiliated Fana Broadcasting Corporate.

Dar director of operations Tariq Al-Qanni, who was at the press conference, said it would be the biggest airport in Africa once complete, Fana reported. “The scope of the agreement is for Dar to develop the detailed design of the new airport and at the same time to assist Ethiopian Airlines in the selection of the contractors who will build the new airport facilities,” Mesfin added.

Ethiopian Airlines is the largest in Africa, last month reporting revenue of $7 billion for its 2023/24 financial year, carrying 17.1 million passengers. Bole International Airport in Addis Ababa, currently the airline’s hub, has a maximum capacity of 25 million passengers a year.

© 2024 AFP

Tags: airportaviationethiopia
Share49Tweet31Share9Pin11Send
Previous Post

In drought-hit Sicily, rainwater is dumped in the sea

Next Post

Former YouTube CEO Susan Wojcicki dies of cancer aged 56

Thomas Barnes

Thomas Barnes

Related Posts

Business

Billionaire Ellison offers personal guarantee for son’s bid for Warner Bros

December 22, 2025
Business

Outcry follows CBS pulling program on prison key to Trump deportations

December 23, 2025
Business

Telefonica to shed around 5,500 jobs in Spain

December 23, 2025
Business

Musk wins US court appeal of $56 bn Tesla pay package

December 20, 2025
Business

French court rejects Shein suspension

December 19, 2025
Business

Mexican low-cost airlines Volaris and Viva agree to merger

December 19, 2025
Next Post

Former YouTube CEO Susan Wojcicki dies of cancer aged 56

Thousands protest in Serbian capital against lithium mine

Viral marketing stunts made 'Deadpool' a $1bn hit, says Disney exec

NY eco activists turn up heat on Citi over polluting investments

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

81

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Precious metals fall again, stocks mixed as traders wind down

December 30, 2025

Precious metals slump as stocks near end of banner 2025

December 30, 2025

Beyonce declared a billionaire by Forbes magazine

December 29, 2025

Meat-loving Argentines shun beef as inflation bites

December 30, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.