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            february 20, 2019

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CILF 2019


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DHL and Ethiopian Airlines to launch joint venture


Ethiopian Airlines' cargo operation is to sign a joint venture with DHL that would focus on serving factories in the new industrial parks, reported the Addis Ababa Reporter.
Ethiopian Airlines Group CEO Tewolde Gebremariam said an agreement would be signed this month between Ethiopian Airlines Cargo & Logistics (EACL) and DHL to establish a new company with Ethiopian and DHL owning 51 per cent and 49 percent respectively. DHL is already a major customer of the airline generating US$50 million a year.
Noting Ethiopia has an inefficient and expensive logistics sector, Mr Tewolde said industrialisation without equivalent global standards in logistics would lead to failure. "We believe that the logistics sector is the dragging force. It is under developed. That is why we are going to enter the logistics service in Ethiopia," he told the newspaper, reported London's freightweek.
EACL carried 343,000 tons of air freight last year using six Boeing 777-200 freighters and two B757-200Fs. In 2017 it ordered two more B777 freighters and opened a second cargo terminal at Addis Ababa with a capacity to handle 600,000 tons.
By 2025 the airline plans to operate 19 freighters - 11 B777-200s, four B767-300s and four B737-800s and generate US$2 billion per annum from air cargo.

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