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Ethiopian Airlines Adds Two A350-900 New Airbuses to Fleet

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While many airlines are down-sizing their operations due to the effects of the Covid-19 pandemic, Ethiopian Airlines is adding new aircraft and expanding businesses, according to officials of the state-owned enterprise.

“This shows that Ethiopian Airlines is founded on a strong vision, capacity to execute its vision even though it has similar challenges to other airlines,” said Chief Operating Officer Mesfin Tasew.

The company on Saturday took delivery of two of the 10 new Airbuses A350-900 it ordered in 2017, bringing the total number of its Airbus fleet to 16.

According to Tasew, the airline has been operating A350-900 planes for the last four years.

Ethiopian is taking delivery of these aircraft at a time when the entire air transport industry is under a big challenge caused by Covid-19, he said.

He pointed out that Ethiopian had transported around five tons of humanitarian aid, medical supplies and IT equipment from France to Addis Ababa in partnership with Airbus Foundation and other European donors.

The humanitarian aid, medical supplies and equipment, were delivered to Ethiopia’s Ministry of Health and a humanitarian organisation which runs a children’s hospital in Ethiopia.

Meanwhile, Health State Minister Seharela Abdullahi, said this kind of support is crucial in countries with poor infrastructure such as Ethiopia.

Citing the critical role played by Ethiopian Airlines since the outbreak of the coronavirus pandemic, she added, “I would like to thank Ethiopian Airlines for their tremendous support in the fight against Covid-19.”

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Business Edge | CBN Directs Banks to Close International Monetary Transfer Operators’ Proceeds

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Today on Business Edge, Tolulope Adeleru-Balogun and Tunji Andrews, Financial Analyst and Co-founder Awabah talked about the following and how it affects you and I: 1. Nigeria’s CBN Directs Banks to Close International Monetary Transfer Operators’ (IMTOs) Proceeds 2. Forex Liquidity and the Risks to Nigerian Banks’ Ratings according to Fitch

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Nigeria’s Arik Air Cuts Jobs, Sends 300 Employees into Redundancy

It blamed the sacking on the impact of the COVID-19 pandemic.

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The management of Arik Air has relieved 300 staff members of their appointments.

This was announced in a statement by the airline on Friday.

It blamed the sacking on the impact of the COVID-19 pandemic.

The press statement was titled, “Arik Air management declares 300 staff redundant.”

The company explained that a redundancy package will be provided for the affected workers with the help of the aviation unions.

Related: Arik Air Workers Ground Operations

The statement read in part, “… arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (in receivership) has declared 300 staff members redundant to its current level of operations.

“The leadership of the impacted unions have been contacted to negotiate a redundancy package for the affected staff.”

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Nigeria, Germany to Deepen Sustainable Economic Development

The Minister of State, Budget and National Planning, Prince Clem Agba, commended the German government for its commitment and undying interest in the affairs of Nigeria since independence.

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The Nigerian and German governments have agreed to deepen ties on sustainable economic development, climate change, and agriculture.

This was disclosed at the just concluded Nigeria-German Bilateral government consultations and sectoral dialogue held in Abuja, reported in a statement by the Ministry of Information.

The Minister of State, Budget and National Planning, Prince Clem Agba, commended the German government for its commitment and undying interest in the affairs of Nigeria since independence.

He stated that the cooperation between both countries was based on mutual trust, respect, and understanding.

He added that since the last consultative meeting between both sides was held in 2017, progress had been made on programmes and projects as contained in the resolutions.

Read also: Tanzania, Germany look to strengthen economic ties

The meeting was also to discuss the new German Reform Strategy, which is a plan to improve Germany’s development policy with its partner countries. 

Agba also disclosed that the reforms will focus on areas of cooperation between Nigeria and Germany, including, climate, health, and family policy, sustainable supply chains, harnessing digital technology, technology transfer, and strengthening private investment, with a view to overcoming hunger and poverty. 

He pointed out that the reform strategies were in line with the economic sustainability and inclusive growth espoused by the Government of Nigeria in the Economic Recovery and Growth Plan (ERGP 2017-2020).

Claudia Wolk, Country Manager Nigeria, representing the German Government, said the bilateral development co-operation, was to reform processes and reposition German development co-operation, in order to improve the capacity to tackle new challenges and demands in international co-operation.

The areas outlined by both countries include sustainable economic development, responsibility for our planet-climate energy, agricultural sector, and COVID-19 responses.

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