Skift Take

Ethiopian Airlines' compensation claim made to Boeing for the Dreamliner groundings won't be the last that the aircraft manufactuerer will face.

The chief executive of Ethiopian Airlines says that his company has pocketed a record profit despite the temporary grounding of its Boeing 787 Dreamliner planes.

Tewolde Gebremariam told The Associated Press 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.

smartphone

The Daily Newsletter

Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.

Have a confidential tip for Skift? Get in touch

Tags: dreamliner, ethiopian airlines

Up Next

Loading next stories