In about eight years we have been able to triple the size of the airline – by revenue, number of passengers, number of international destinations and cargo. When we start Vision 2025 we were around USD 1.3 billion USD company. This year we may be closing at USD 4.1 billion. That is effectively more than three fold. This is phenomenal. It is an exponential growth by any standard. In the industry the growth rate is 5-6 percent.
Can you give us some figures in terms of revenue, number of aircraft and destinations? What you plan to achieve by 2035?
We have not completed it but it would be more than 200 airplanes and then revenue will be more than USD 25 billion. As acclaimed and recognised by the industry Ethiopian Airlines is definitely one of the fastest growing airline in the world today. We will continue to be an African based global airline. There are new businesses that we started to invest in.
The first one is the travel and tourism. It is a very vast field. We are entering that business mainly because there is a vacuum in Ethiopia. The private sector has not progressed very well in terms of developing attractive tourism industry in Ethiopia. As a result of that although the country has so much to offer the international tourists in terms of natural beauty, cultural and wild life still our tourist number is very low. It is not comparable. As a national carrier, we want to help the country. We want to be a catalyst in the tourism sector. We want to go beyond the duty of transporting tourists more than 120 cities in the world to Ethiopia. We want to enter the hotel business and tourism business. That is why we have built the Ethiopian Skylight Hotel here in Addis Ababa. If need be if we find a vacuum in the regions where the private sector is not able to fill in the gap then we will continue building hotels. Over all we will be focusing on promoting Ethiopia as a tourist destination all over the world with our vast channel of distribution, more than 120 international offices and representative offices, Star Alliance offices. This is a huge opportunity. It is a huge internal capacity.
We will be packaging hotel and air ticket for the international tourists and sell Ethiopia as a tourist destination. We are gearing all our resources aligning all resources in such a way that we make it very easy for international tourists to get the right information about Ethiopia, the right air transport and hotel. We will increase the number of tourists coming to Ethiopia by large number. We are estimating that by 2035 we should be able to carry more than 15 million tourists to Ethiopia.