By the close of this year, airlines are expected to have made investments worth $80 billion on acquisition of 1,780 new aircraft, according to the International Air Transport Association (IATA).
Director-General of IATA, Alexandre de Junaic, said this in the Economic Performance of the Airline Industry data made available to New Telegraph.
He disclosed that the trend improvement in average returns has given the industry the confidence to invest on this scale.
Of the 1,780 aircraft deliveries, none went to Nigerian carriers. Ethiopian Airlines took delivery of its 100th aircraft, a Boeing 787-900 on June 5, 2018.
Ethiopian was the first airline to offer a jet service in the continent back in 1962 and operated the first African B767 in 1984, the first African B777-200LR in 2010, the first African B787-800 Dreamliner and B777-200 freighter in 2012 and the first African A350 in 2016 and the first AfricanB787-9 aircraft in 2017.
New Telegraph, December 25, 2018
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