Ethiopian Airlines is expanding its air cargo fleet with the acquisition of four new Boeing 777-200 LR Freighter aircraft.
The purchase will occur under a pre-delivery payment loan financing agreement with the Eastern and Southern African Trade and Development Bank (PTA Bank). Delivery is scheduled to begin in fall 2014.
Ethiopian operates the largest cargo fleet in Africa, currently using six dedicated freighter aircraft to 24 destinations in Asia, Europe, Africa and the Middle East. Tewolde Gebremariam, chief executive of Ethiopian Airlines, said the new aircraft will help support the carrier's newly established cargo hub in Lome, Togo with its partner airline ASKY Airlines.
"We are phasing in the latest technology cargo aircraft with the aim of supporting Ethiopia's exports and the booming trade between Africa and the rest of the world. The B777-200 LR Freighters have proven capabilities that are ideal for the transport of perishables," said Gebremariam.