Ethiopian Airlines has announced a 15 year strategic plan it hopes will see it become the biggest African airline by 2025 by pushing its annual revenue to US$ 10 billion.
The airline said the plan will enhance its capacity in all aspects including the quality of its services and increase its fleet and passengers.
“The plan is to become Africa’s biggest aviation (company) and to be among the best airline in the world,” said the airlines.
“Our current income has reached $ 1.6 billion per annum, transporting around three million passengers a year”.
The airline is also seeking to raise its three star status to four and raise its yearly profits to around US$1 bn.
“We are planning to become a four star airline after two years by improving our services and the number of planes as well as our routes in and outside Africa,” added in a statement.
Ethiopian Airlines CEO Tewolde Gebremariam said the company’s market share will increase by tenfold in Africa by 2025.
According to the plan, the airlines will have a fleet of 70 modern and fuel saving aircraft.
Ethiopian Airlines has around 40 aircraft on its order book, including 12 Airbus A350s and 10 Boeing 737s.
The airline currently operates eleven 767-300s, with eight of the type slated for retirement by 2016.
It also operates four 777-200LRs, eight 757-200ERs, five 737-700s, five 737-800s and eight Bombardier Q400s.
It plies more than 20 routes in Africa and around 15 routes in Europe and USA.