INTERVIEW-Ethiopian Airlines eyes China/India profit boost

Thu Jan 14, 2010 12:02pm GMT
 

* Forecasts net profits of $150 million for 2009/10

* Wants to fly to Shanghai, Bangalore

* Plans to add four new Africa destinations a year

By Barry Malone

ADDIS ABABA, Jan 14 (Reuters) - Ethiopian Airlines hopes to boost profits this year by taking advantage of growing ties between Africa and China and India, adding new routes to the Asian powers, Chief Executive Girma Wake said on Thursday.

China and India have displaced many western countries as the major investors in Africa, where they have invested billions of dollars in recent years.

"Because we are also flying to more destinations in Africa than any other airline, we can connect a lot of African traffic to China and India," Girma told Reuters in Addis Ababa.

"We are seeing a significant increase in our traffic to China and India and we are planning to launch more flights to different cities in both countries."   Continued...

 
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