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Ethiopian signs up for two more B777Fs at Paris

  Ethiopian Airlines has announced a deal to purchase two Boeing 777 freighter aircraft as it continues to expand rapidly its cargo operations. The deal is valued at $651.4m at list prices and follows on from an order for ten B737 Max 8 passenger aircraft announced yesterday. The freighter order is just ahead of the official opening of its... More

Energy-efficient Shipping in South African Curriculum

  Maritime educators from South Africa are taking part in an  International Maritime Organization (IMO)  training workshop to introduce the topic of energy-efficient ship operation into their teaching curriculums. The workshop, taking place in Durban (19-20 June) was developed under the Organization’s GloMEEP project and supports maritime... More

Aircraft leasing firm in the offing for Africa

  Aircraft leasing is a nightmare for operators in Africa. The absence of aircraft leasing firms has forced many operators to swallow the lessors’ stiff conditions. But, collaboration with an original equipment manufacturer to float an African Aircraft Leasing Company is expected to shift the paradigm, KELVIN OSA OKUNBOR reports. African carriers... More

Bob Diamond’s Africa bank ups stake in Union Bank of Nigeria

  Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said on Wednesday that it plans to raise $200 million to increase its stake in Union Bank of Nigeria and to scale up other businesses. Atlas Mara said it was buying a 13.4 percent stake in the Union Bank of Nigeria from Clermont Group, taking its total holding... More

Call to Change South African Central Bank Mandate Dubbed ‘Very S...

  One of South Africa’s largest financial groups weighed in to the row over central bank independence on Wednesday, saying proposals to change how it is run were a “very serious risk” to the country. Barclays Africa joined a growing list of groups and high-profile individuals attacking calls by Public Protector Busi Mkhwebane... More

AviaDev Africa will challenge the Status Quo

  AviaDev, the only dedicated aviation route development forum for Africa, has unveiled its agenda for 2017 – securing leading industry speakers and unique networking opportunities with the aim of “inspiring a fresh perspective” in a sector that is facing a challenging operating environment. Organised by Bench Events, AviaDev takes place... More

Hitit CS is the shining star in Africa: Seven new airlines in two year...

  Hitit CS had a strong presence at Aviation Festival Africa 2017. During the conference Hitit CS made two presentations about future airline distribution and passenger service trends. Hitit CS has a proven track record for serving African airlines. Recent customer gains of Hitit in Africa were Air Tanzania, Precision Air, Nouvelair, Tunisie and Air... More

$7m of NZ cargo held in South Africa over ownership dispute

  A $7 million shipment of phosphate bound for New Zealand will remain held at a South African port due to a bitter dispute over who has rights to the resource, a South African court has ruled. The NM Cherry Blossom, carrying 50,000 tonnes of phosphate, was stopped at Port Elizabeth early last month amid claims its cargo was illegally taken and... More

Emirates SkyCargo to target more products after Cargolux partnership

  Emirates SkyCargo’s recent tie-up with Cargolux seemed to come from nowhere, but perhaps it should not have come as such a surprise given the two airlines’ long history of working together. Emirates divisional senior vice president, cargo, Nabil Sultan, tells Air Cargo News that the two companies first started working together in 1988,... More

Ethiopian airways to open cargo terminal

  Ethiopian Airlines has announced it will inaugurate its state-of-the-art Cargo Terminal-II during the Second ICAO Global Air Cargo Development Forum, which it’s hosting from 27-29 June, 2017. Covering a total area of 150,000 meters square area of land, the new Cargo Terminal includes facilities such as Dry Cargo Terminal warehouse; Perishable... More

Dr. Kofi Mbiah retires from the Ghana Shippers’ Authority

  After just weeks of stepping down as the Chairman of the International Maritime Organization’s (IMO) Legal Committee in London, Dr. Kofi Mbiah, has gracefully bowed out as the Chief Executive of the Ghana Shippers’ Authority after 35 years of service to the Authority and to mother Ghana. Dr. Mbiah first announced his retirement when he addressed... More

AfDB President Adesina receives Life-time Award for Child Nutrition

  The President of the African Development Bank Group (AfDB), Akinwumi Adesina, was honored with the 2017 Gene White Lifetime Achievement Award by the Global Child Nutrition Foundation (GCNF) in Washington D.C., on Tuesday, 13 June 2017. The award is in recognition of Adesina’s lifelong work towards advancing agricultural development which... More

New Ethiopian hub to officially open in late June

  Ethiopian Airlines will officially open its new air cargo terminal at home hub Addis Ababa later this month. Africa’s largest carrier said that it would open the terminal, which covers a total area of 150,000 sq m, during the three-day ICAO Global Air Cargo Development Forum, which starts on June 27. The $150m facility includes a dry cargo... More

Maritime sector strategic for investors – Amaechi

  The Minister of Transportation, Rotimi Amaechi has stated that the Nigerian maritime sector is a haven of opportunities for the world maritime industry to tap into. The Minister who made this known while speaking at the “Africa@Nor” session of the recently concluded Nor-Shipping 2017 which held at Lillstrome, Norway, assured the audience... More

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Latest News Ethiopian signs up for two more B777Fs at Paris

  Ethiopian Airlines has announced a deal to purchase two Boeing 777 freighter aircraft as it continues to expand rapidly its cargo operations. The deal is valued at $651.4m at list prices and follows on from an order for ten B737 Max 8 passenger aircraft announced yesterday. The freighter order is just ahead of the official opening of its new $150m cargo terminal set for the end of the month. The airline currently operates a freighter fleet of six B777Fs and two B757-200Fs. Ethiopian Airlines group chief executive Tewolde GebreMariam said: “Building one of the largest cargo terminals... More

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