Ethiopian Airlines has made history by securing the largest-ever purchase of Boeing airplanes on the African continent.
The airline has inked a deal for 11 Boeing 787 Dreamliners and 20 737 MAX airplanes, with an option for an additional 15 Dreamliners and 21 MAX jets.
This monumental agreement, announced at the Dubai Airshow, emphasizes Ethiopian Airlines’ commitment to growth and strategic development.
In a statement, Ethiopian Airlines Group CEO, Mesfin Tasew, expressed enthusiasm, stating, “This order supports our growth plan and Vision 2035 Strategy, solidifying our longstanding partnership with Boeing.”
The order includes the 787-9 Dreamliner, known for its fuel efficiency and emissions reduction by 25%, and the 737-8 model, enhancing environmental performance and passenger comfort with a 20% reduction in fuel use.
Boeing’s Senior Vice President of Commercial Sales and Marketing, Brad McMullen, commended the commitment, stating, “Ethiopian Airlines continues its leadership as one of Africa’s preeminent airlines with this landmark commitment to expand their 787 and 737 MAX fleets.”
Also, Boeing and Ethiopian Airlines will collaborate on cabin modification services for existing 787 Dreamliners, focusing on enhancing the passenger experience with advanced in-flight entertainment and new seats in all cabins.
This strategic move positions Ethiopian Airlines as a frontrunner in Africa’s aviation landscape.
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Dangote Petroleum Refinery Set to Make History with Public Listing on NGX
Aliko Dangote, the president and chief executive of Dangote Industries Limited, has announced plans to publicly list the subsidiary, Dangote Petroleum Refinery, on the Nigerian Exchange Limited (NGX).
Dangote expressed confidence in overcoming previous challenges related to crude oil supply, stating, “We have resolved all the issues with crude oil supply. We are now ready to move forward with our plans to list the refinery on the Nigerian Exchange Limited.”
The refinery, poised to commence operations in December, holds the promise of significant contributions to the Nigerian economy.
At full capacity, it is expected to produce 650,000 barrels of oil per day, with an initial rollout of 540,000 barrels daily.
The facility will produce 27 million liters of diesel, 11 million liters of kerosene, and nine million liters of jet fuel, sourcing crude from various Nigerian producers, including the state oil company.
A finalized deal for the delivery of the first cargo of approximately six million barrels next month signals the imminent realization of this ambitious project.
The refinery’s impact is anticipated to extend beyond the oil and gas sector, with projections suggesting significant cost savings for Nigeria by eliminating the need to import petrol.
Industry operators and government officials are optimistic about the transformative potential of the Dangote Refinery.
Akinwumi Adesina, President of the African Development Bank (AfDB), lauded the project as the best-industrialized initiative for Africa, projecting substantial savings for Nigeria and the continent as a whole.
As Nigeria’s largest refinery project, the facility has garnered praise from the Lagos Chamber of Commerce and Industry (LCCI).
Dr. Chinyere Almona, the LCCI Director-General, commended the visionary efforts of Aliko Dangote and the supportive federal government, emphasizing the refinery’s capacity to meet Nigeria’s refined petroleum product needs.
The impending listing on the NGX positions Dangote Petroleum Refinery as a catalyst for economic growth, energy security, and self-sufficiency in Nigeria and beyond.
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