Ethiopian Airlines & Boeing Partner to Build Regional Aviation Hub

The transcript discusses Ethiopian Airlines' strategic initiatives, including a partnership with Boeing to enhance aerospace manufacturing and plans for a new $5 billion airport. The airline's cargo business has thrived during the pandemic, benefiting from a shift from sea freight to air cargo. Despite inflation and political unrest in Ethiopia, the airline remains profitable, with most of its business conducted outside the country.

What is the main goal of the Memorandum of Understanding between Ethiopian Airlines and Boeing?

• To expand into new continents

• To reduce ticket prices

• To enhance industrial development and aerospace manufacturing

• To increase passenger flights

Where is the new $5 billion airport planned to be located?

• West of Addis Ababa

• South of Addis Ababa

• East of Addis Ababa

• North of Addis Ababa

What was Ethiopian Airlines' strategy during the pandemic to maintain its business?

• Increasing ticket prices

• Reducing the number of flights

• Prioritizing cargo operations

• Focusing on passenger flights

How did Ethiopian Airlines increase its cargo capacity during the pandemic?

• By leasing planes from other airlines

• By reducing passenger flights

• By purchasing new cargo planes

• By converting passenger planes to cargo

What external factor has contributed to the shift from sea freight to air cargo?

• Increase in fuel prices

• Improved sea freight services

• Shortage of containers

• Decrease in air cargo rates

What measure did Ethiopia take to address inflation?

• Reducing interest rates

• Doubling the statutory reserve requirement

• Increasing government spending

• Implementing price controls

What percentage of Ethiopian Airlines' business is outside Ethiopia?

• 70-80%

• 60-70%

• 50-60%

• 85-90%