Ethiopian Leases 777 From GECAS

Ethiopian Airlines has taken delivery of a new 777-300ER from the leasing company, GECAS. The aircraft comes from GECAS' existing order book with Boeing. Ethiopian will use the 777-300 to expand its fleet. It currently leases two 777F freighters, two 737-700s and a 757-200 from GECAS. "We have a longstanding and mutually beneficial partnership with GE," said Ethiopian Airlines CEO, Tewolde GebreMariam. "Most of our fleet are powered by GE engines, and GECAS is our major partner in our fleet growth and modernisation project. With the boom of travel between Africa and the rest of the world, and our vision 2025 strategic roadmap of fast, profitable and sustainable growth, we aim to more than double our current fleet size by 2025." GECAS currently leases 36 aircraft to 12 airlines in eight different countries in Sub-Saharan Africa, and maintains offices in South Africa, Ghana, and Kenya.

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