ETHIOPIA has been named the fourth fastest growing country for air freight volume during forecast period 2013-2017 at a compound annual growth rate (CAGR) of 5.3, according to IATA's Airline industry forecast.
The increasing trade and investment in Africa by Asia, and particularly China, has contributed to its boost in air cargo business, said IATA global head of cargo Desmond Vertannes, reports the Addis Ababa Reporter.
"The big contributor is the perishable cargo industry. The perishable industry, the flower, fish industry and the manufacturing industry contribute to the growth of the air cargo in Africa," he added.
Ethiopian airlines carries an annual 200,000 tons of cargo, using a fleet of six dedicated freighters to 24 destinations making it the largest cargo operator in Africa and in the world's top 50.
Source : HKSG.