Ethiopian Airlines has signed up to lease three Boeing 767-300ER converted freighters from Titan Aviation.
The African carrier will take delivery of the first of these aircraft later this month, with the second delivery planned for later this year, and the third aircraft planned for 2023.
Ethiopian Airlines Group chief executive Mesfin Tasew said: “This dry lease agreement will be fundamental to our fast-growing cargo operation as Ethiopian is a key global player in the air cargo business.
"We are glad about the partnership with Titan Aircraft Investments to enhance our capacity with three more B767 converted aircraft in addition to the existing nine widebody freighters and four B737 converted aircraft.”
Ethiopian has been investing in expanding its freighter fleet over recent years.
In July, the airline signed an agreement with De Havilland Aircraft of Canada for the purchase of two Dash 8-400 Freighter – Large Cargo Door (F-LCD) conversion kits.
In May, it signed a deal for five B777Fs and in March it became one of the first airlines to order new generation B777-8 freighters that are currently being developed by Boeing.
The addition of these latest three aircraft brings Titan Aircraft Investments’ freighter fleet to 10 aircraft, five of which are Boeing 767 converted freighters.
“We are delighted to welcome Ethiopian Airlines as a strategic customer and support its growing freighter fleet,” said Michael Steen, president and chief executive of Titan Aviation Holdings.
