Rwanda’s national carrier Rwandair has announced plans to start flying to Ethiopia starting April 2019 despite financial turbulence in the aviation industry.
This is part of the airlines ambitious expansion while struggling with making profits in the aviation sector among other countries in Africa.
“We will fly you to Addis Ababa five times a week,” Rwandair said in a statement on twitter.
With more closed skies in Africa the aviation industry is expected to post a cumulative consecutive annual losses of $100 million in 2018, after posting a collective net loss of $100 million in 2017, according International Air Transport Association (IATA) reports.
To finance these foreseen operations Rwanda plans to raise its net lending budget by Rwf18.9 billion from Rwf159.1 billion in the original budget to Rwf 178 billion.
The increase will finance Rwandair expansion as well as the restructuring of its investment in Marriot hotel Kigali.
Also Rwandair has planned on flying to Guangzhou, Tel Aviv, Bamako and Conakry and entering the U.S market with flights to New York.
In a related development, last week Rwanda Defence Force and the Ethiopian National Defence Forces enjoy strong bilateral relations, and have over the last 20 years cooperated in areas of engineering, aviation, and medicine.
On December 20th, 2018 Ethiopian Air Force Academy graduated 50 Rwanda Air Force personnel who underwent an Aircraft Maintenance diploma course
Among the 50 graduates are seven women, who like the rest; have specialized in aviation power plant, airframe, electrical, instruments, and navigation and armament systems.