Changi Airport welcomes Ethiopian Airlines
Changi Airport Group (CAG) welcomed the arrival of Ethiopian Airlines yesterday, the latest airline operating at Singapore Changi Airport.
January 20, 2014
Changi Airport Group (CAG) welcomed the arrival of Ethiopian Airlines yesterday, the latest airline operating at Singapore Changi Airport. The East African carrier will operate a thrice-weekly service between Singapore and the capital city of Addis Ababa in Ethiopia via Bangkok, utilising B767-300 aircraft.
The African continent’s accelerated growth in recent years has stimulated domestic consumption, making it one of the world’s fastest growing regions. Trade flows between Singapore and Africa have flourished at a compounded annual growth rate of 20 per cent since 2009, and registered S$13.8 billion in value last year. Singapore is also Africa’s largest ASEAN investor, with significant investments in the sectors of consumer products, water preservation and construction. Similarly, African companies have been progressively using Singapore as a springboard to venture into the burgeoning Asia-Pacific region.
Meanwhile, airfreight movements, at Changi increased by 1.8 per cent to 157,400 tonnes of cargo, compared to a year ago. On a rolling year basis airfreight movements were stable at 1.85 million tonnes for the 12-month period.