MOU signed between Ethiopian Airlines and Aerosud Holdings

Published on : Monday, July 25, 2016

Ethiopian-Airlines-2A Memorandum of Understanding (MOU) has been signed between Ethiopian Airlines and Aerosud Holdings to establish aerospace manufacturing industry in Ethiopia.

 

The MoU is aimed at establishing a joint venture Aerospace Manufacturing company that manufactures and supplies various aircraft parts to Boeing, Airbus and other Aerospace companies.

 

Mr. Tewolde GebreMariam, Group CEO Ethiopian Airlines, remarked, pursuant to the government’s industrialization policy embedded in the five years  Growth and Transformation Plan (GTPII),they have reached into an agreement with Aerosud Group to establish  and develop  labor-intensive Aerospace manufacturing Industry.He sincerely believes that, the establishment of these facilities will surely  create significant  job opportunities for the young, educated task force and be another face of the industrial park development task that is being carried out in the Country. The manufacturing facilities, that will be set up in due course, are expected to be located in the vicinity of Bole International Airport for good reasons of economy of scale and ease of import/export transportation. At last,he thanked all who worked hard towards the conclusion of this agreement.

 

Mr. Johan Steyn ,Managing director of Aerosud Group, commented they are happy to establish this joint venture with Ethiopian Airlines and they would like to share  Aerosud’s long years of experience  working with major Aircraft Manufactures such as Boeing and Airbus  and  help Ethiopian in the development of the aerospace manufacturing industry in the Country.

 

In a feasibility study to determine potential areas of manufacturing, Ethiopian has held rigorous  discussions with Aircraft manufacturing companies such as Boeing, Bombardier and other aerospace manufacturing companies.

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