Tue, 17-Mar 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Ethiopian Airlines Signs Agreement to Acquire 10 new Q400 aircraft

    The Kenyan
    By The Kenyan Wall Street
    - May 07, 2018
    - May 07, 2018
    African Wall Street
    Ethiopian Airlines Signs Agreement to Acquire 10 new Q400 aircraft

    Ethiopian Airlines and Bombardier Commercial Aircraft concluded a firm order for 10 new Q400 aircraft on Friday, April 27, 2018. The order also includes purchase rights for 5 additional Q400 aircraft. Based on the list price of the Q400 aircraft, the firm order is valued at approximately 332 million U.S.

    Ethiopian Airlines is the largest operator of Q400 aircraft in Africa. The airline currently operates 22 Q400 turboprops based in Addis Ababa and through its partners at ASKY in Lome and Malawian Airlines in Lilongwe, and is expected to take delivery of two more in 2018.

    With this order, Ethiopian will increase its fleet of Bombardier turboprops to up to 39 aircraft after exercising purchase rights.

    “The Q400 turboprop is a great network builder. Its unmatched performance and outstanding economics has allowed us to better serve the domestic and regional demand in Ethiopia” said Tewolde GebreMariam, Group Chief Executive Officer of Ethiopian Airlines.

    Mr. Tewolde added: “As we continue to expand our network and build new strategic partnerships in the region, we are confident that the Q400 aircraft will help us develop underserved markets where challenging airports require distinct operational performance such as hot and high capabilities. With our continued fleet modernization endeavor, we shall soon mark a notable milestone of reaching a 100 fleet capability, thus classifying Ethiopian as the first African carrier to own and operate the youngest and most modern fleet in the continent”.

    Ethiopian Airlines’ new 82-seat Q400 aircraft will support additional domestic capacity in Ethiopia, as well as their new partnership hubs in Mozambique, Chad, and Equatorial Guinea.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa