Ethiopian Airlines leases three Boeing 767-300ERs for growing cargo operation

Ethiopian Airlines continues to pursue aggressive growth of its freighter fleet with long-term leases of three converted Boeing 767-300ERs from lessor Titan Aircraft Investments. The state-owned, Addis Ababa-based airline is expected to receive the first aircraft this month, Titan’s parent company Atlas Air Worldwide said in a 12 September statement. “We are delighted to welcome Ethiopian Airlines as a strategic customer and support its growing freighter fleet,” says Michael Steen, president and CEO of Titan Aviation and chief commercial officer of Atlas Air. The second 767-300ER is expected later this year, while the third is set for delivery in 2023, Atlas adds. “This dry lease agreement will be fundamental to our fast-growing cargo operation as Ethiopian is a key global player in the air cargo business,” Mesfin Tasew, the recently appointed CEO of Ethiopian Airlines Group, says. Under “dry lease” agreements, aircraft lessees – in this case Ethiopian – operate the aircraft.<br/>