Ethiopia: Aviation Is Untapped But Profitable Industry
The Abyssinian Flight Services and Pilot Training School says the aviation industry is the most untapped but a highly profitable industry.
School Managing Director, Captain Solomon Gizaw, in an exclusive interview with WIC said the aviation industry has a highly untapped potential that can make investors profitable.
Even if the sector requires utmost effort and commitment, investors that could engage in this industry could help the Ethiopian Airlines and could generate great amount of foreign exchange, he noted.
According to Captain Solomon, the opportunity to import airplanes and airplane spare parts free of duty, strong leadership capacity of the Ethiopian Aviation Authority and the growing modern technology to back the sector can encourage investors to take part in the sector.
As he said, getting a maintenance service site (hangar) and loan bids are becoming challenges in the sector.
The School, when established sixteen and half years ago started with one airplane; he reminded, and currently has twelve airplanes.
The school can fly to all over the country in addition to Djibouti, Kenya, Somalia, Sudan and South Sudan outside Ethiopia.
So far the school has graduated one hundred students and is to graduate about 19 students and flight instructors who came from different parts of the world in the coming October, he noted.
In the near future, the school has planned to buy new jets, increase the number of flight destination countries and its intake from fifty to hundreds of students in its pilot training schools.
Abyssinian Flight and Pilot Training School has created job opportunities for seventy citizens, Walta learnt.