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    Ethiopian Airlines to manufacture parts in venture with Boeing

    Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of $15m, the government's investment agency said on Friday, 18 August.
    FILE PHOTO: An Ethiopia’s Airlines Boeing 737 Max 8 plane to take off on a demonstration trip to resume flights from the Bole International Airport in Addis Ababa, Ethiopia February 1, 2022. REUTERS/Tiksa Negeri
    FILE PHOTO: An Ethiopia’s Airlines Boeing 737 Max 8 plane to take off on a demonstration trip to resume flights from the Bole International Airport in Addis Ababa, Ethiopia February 1, 2022. REUTERS/Tiksa Negeri

    The state-owned carrier, the biggest in Africa, has already signed the deal involving the local state Industrial Parks Development Corporation, the Ethiopian Investment Commission said on X, formerly known as Twitter.

    The venture will make "aerospace parts, including aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and other parts," the commission said.

    "The investment project is expected to create employment opportunities for more than 300 Ethiopians," it said.

    The commission did not say when production would begin. There was no immediate comment from Boeing.

    Other African carriers like Kenya Airways have said that a shortage of parts, caused by the Ukraine war crisis which cut the supply of Russian titanium which is an essential component of global aviation, has led to flight disruptions.

    It was not immediately clear if Ethiopian Airlines has also suffered from a similar lack of parts.

    The airline, which has a fleet of 140 aircraft, said in June that its earnings rose by a fifth to $6.1bn in its latest financial year.

    Source: Reuters

    Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

    Go to: https://www.reuters.com/

    About George Obulutsa

    Reporting by George Obulutsa; Editing by Duncan Miriri and Angus MacSwan.
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