Ethiopian Airlines’ combined aircraft fleet is valued at $5.25 Billion

Addis Ababa, August 29, 2023 (FBC) – Ethiopian Airlines’ current market value of $5.25 billion is about 32% of the continent’s total fleet value, an analysis of the African air transport market by AviationValues shows.

According to ch-aviation.com, the national carrier’s fleet comprises 119 passenger aircraft, with 89 narrowbody and widebody jets and 30 turboprops. This includes 14 Boeing 737 MAXs, 18 787 Dreamliners, and 20 Airbus A350-900s, its highest-value aircraft.

Egypt, Morocco, South Africa, and Kenya join Ethiopia in the top five. Ethiopia’s market value is nearly 50% larger than second-ranking Egypt ($3.53 billion) and higher than all countries outside the top 5 combined.

According to a report from Simple Flying, the East African nation has about 66% of Egypt’s fleet less than 25% of the total African fleet.

African airlines are expected to start taking delivery of newer and higher-value aircraft in the next five years, with Ethiopian Airlines leading the way with the most firm orders, the report reminded, adding that ET plans to almost double its fleet by 2035 and compete among the world’s best airlines.

Africa is home to over 100 airlines operating scheduled flights to several domestic, regional, and international destinations. However, the top ten airlines account for over 50% of passenger traffic, while about 80% of air travel is provided by international carriers.