Tewolde Gebremariam said Monday that his company is expecting a record profit with 20 to 25 percent growth in revenue and number of passengers.
He said Ethiopian Air would have been even more profitable, if it had not been for the grounding of its four 787 planes for more than three months. In January the U.S. Federal Aviation Administration grounded the aircraft after incidents with smoldering batteries on two different planes.
Ethiopian Air is seeking to be compensated by Boeing and has already notified the airplane manufacturer of the financial loss it incurred due to the grounding, the CEO said.
MORE HBJ HEADLINES
Briefs: New STEM director hired for Snohomish County Last Boeing C-17 leaves Southern California assembly plant President Obama shops on Small Business Saturday Other cars block electric charging stations ESPN viewer losses add to angst for Disney’s profit engine Israel to open Abu Dhabi office for renewable energy
Our new comment system is not supported in IE 7. Please upgrade your browser here.