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Ethiopian Airlines has been recognized by the judges at the Decade of Airline Excellence Awards as the best performing airline in Africa in the last 10 years. The airline took home the accolade in the African regional category of the awards, it revealed in a press release sent to 2merkato.com.
The full list of awards, organized by FlightGlobal in association with Airline Business and Korn Ferry, was announced December 1-3, including the winning airlines from North America, Asia-Pacific, Europe, Latin America and the Middle East, plus A Africa.
Operating in an incredibly challenging region for airlines, state-owned Ethiopian evolved over the decade from a national airline to the first true pan-African airline, based on a strategy that leveraged its Addis Ababa hub and strategic capital investments in national African carriers. More smalls. .
“Under Tewolde Gebremariam’s leadership since 2011, the year the airline also joined the Star Alliance, Ethiopian’s core strategy has been based on disciplined management and a productive relationship with its government owners,” said Lewis Harper, Director of Airline Business. magazine.
Ethiopian Airlines dominated the discussion among the judges when it came to the Africa award. “I think they are by far the most prominent airline in Africa,” said one judge, reflecting a broader sentiment among the panel. “I particularly like Ethiopia’s involvement in the economic development of the country,” said another.
Meanwhile, it implemented a modern fleet and progressive business approaches, which generated impressive financial returns. There was an eight-fold increase in revenue and a six-fold increase in profitability over the decade. “Their revenue has exploded in what has been a particularly challenging market,” commented another judge.
By the end of the decade, the airline dominated most of the pan-African network, having surpassed Dubai as the largest transfer hub for long-haul travel to Africa in 2018. The airline’s maturity shone in its response, cementing its status. . as a rare example of an African airline that sits comfortably alongside the world’s major airlines.
The Decade of Airline Excellence Awards were launched this year by FlightGlobal, Airline Business and the civil aviation practice of Korn Ferry, the world’s largest provider of human capital solutions, in lieu of the Airline Strategy Awards, which will return in 2021. The winners are selected by an independent panel of industry experts.
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Source: Ethiopian Airlines press release sent to 2merkato.com
