Ethiopian Airlines has announced that it will start the construction of a new airport in Bishoftu, a town 39 kilometres south east of Addis Ababa.
Ethiopian Airlines CEO Tewolde Gebremariam has said that the new airport will cost the airline 5 billion USD, approximately, 500 billion Kenyan shillings.
According to the airlines, Bole Airport located in Addis Ababa is not able to accommodate the growing passenger numbers in and out of the airport.
The announcement of the plan by Ethiopian airlines to construct a new airport comes as a necessity after it outgrew its capacity at its current base in Addis Ababa.
The new airport in Bishoftu is set to have a capacity to handle 100 million passengers every year, a huge upgrade from Bole’s capacity of about 19 million passengers annually.
The airline has been rapidly expanding and growing, since as of today, the airline has 116 aircraft in its fleet, placing it as a competitor with large Middle East carriers to connect long-haul passengers.
The state-owned airline net profit rose to 260 million USD (26.2 billion shillings) in its 2018/19 financial year from 207.2 million USD (20.7 billion shillings) a year earlier.