ADDIS ABABA ( HALBEEG NEWS) – Africa’s largest carrier Ethiopian Airlines announced new plans of constructing a new $5 billion airport later this year.
Bishoftu, a town 39 km southeast of the capital, Addis Ababa will host the new transport hub.
According to Ethiopian Airlines CEO Tewolde Gebremariam, the proposed facility will cover an area of 35 square miles and have the capacity to handle 100 million passengers a year.
The new airport is expected to be the world’s five busiest airports as per aviation transport officials.
Bole International Airport in Addis Ababa, EA’s current base of operations, has a passenger capacity of about 19 million passengers annually.
State-owned Ethiopian Airlines, which competes with large Middle East carriers to connect long-haul passengers, has built a patchwork of African routes from its hub in Addis Ababa to fly customers towards expanding Asian markets.
It has 116 aircraft in its fleet and its net profit rose to $260 million in its 2018/19 financial year from $207.2 million a year earlier despite challenges of deadly air crash last year.
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