China Eximbank provides $100 million loan for Ethiopian Airlines Maintenance and Paint Hangar with Apron Project

In 2012, the China Eximbank provided Ethiopian Airlines with a commercial loan of $100 million for the Ethiopian Airlines Maintenance and Paint Hangar with Apron Project. The borrowing terms of the China Eximbank loan are unknown. This project involved the construction of a wide-body maintenance and paint hangar for Ethiopian Airlines in Addis Ababa. AVIC was the contractor responsible for project implementation. The project commenced on June 16, 2014 and reach completion on December 31, 2016. The completed hangar was unveiled in April 2017 during the ICAO Symposium, which was being hosted by Ethiopian Airlines. The hangar contains 105,000 square meters of hangar apron area and 15,000 square meters of office area. It is equipped with tele-platforms and tail docks, and is capable of accommodating the B747-800 (Boeing's largest plane). The new hangar is reportedly part of Ethiopian Airlines' efforts to develop into a diversified aviation group by 2025.

Additional details

1. The Chinese project title is 塞俄比亚航空维修喷漆机库. 2. The China Eximbank loan that supported this project is omitted from the database of Chinese loan commitments that SAIS-CARI released in July 2020. 3. The location of the new hangar is most likely Addis Ababa Bole International Airport, the hub, and headquarters of Ethiopian Airlines, but AidData has not yet confirmed that this is indeed the case. 4. Sources report the project as a commercial loan, therefore AidData has coded the loan-type as non-concessional.

Number of official sources

9

Number of total sources

12