7 billion reasons for Ethiopian airlines to stay state owned.


Ethiopian airlines made over 7 billion Ethiopian birr during six months of the budget year. In this same period the airlines also brought in 68 billion Ethiopian birr.

This figures makes Ethiopian airlines the second most profitable govenmental company besides Commercial bank of Ethiopia in the country.

Commercial bank of Ethiopia in the same period made a profit of 10.7 billion ETB. The bank is the largest bank in Ethiopia with an asset of more than 300 billion birr. Ethiopia news understands that the bank was established in August 1942.


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