Ethiopian Leases Two Boeing 777F Aircraft

Ethiopian airlines has signed a ten year dry lease agreement for two brand new B777F aircraft powered by GE90 engines on May 26,2011. The aircrafts were leased from GE Capital Aviation Services (GECAS), a U.S and Irish commercial aircraft financing and leasing business of GE based in Ireland. The agreement was signed by Ethiopian CEO Tewolde Gebremariam and Rayan Barrett of GECAS.

The leased B777Fs are long range modern freighter aircraft models and the first in Africa, with capacity to transport hundred plus tons of cargo at a time.

The leased aircraft will arrive from Boeing Manufacturing in Seattle USA, at Addis Ababa Bole International Airport in September and October 2012.

GECAS has a fleet of over 1,800 owned and managed aircraft with approximately 245 airlines in over 75 countries, with offices in 25 cities around the world.

Ethiopian being the first carrier in Africa to operate the B777F is committed to provide seamless scheduled and charter cargo services in line with its vision 2025.