The African Aviation Day held on April 16 2013 saw Tewolde GebreMariam, CEO of Ethiopian Airlines delivered an inspiring and insightful presentation of Africa's and Ethiopia's growing presence in the aviation industry.
The CEO outlined gains made both within the African and Ethiopian airline industries, including the national carrier's Vision 2025, which envisions the airline growing into an aviation group. However he also paid particular attention to the industries problems including, heavy taxes, closed markets and fuel costs that act as hindrances. These obstacles were also highlighted by Tony Tyler , CEO of International Air Transport Association (IATA) who stated that since 2003, the aviation market has hardly broken even. he went on to state that globally, net profit margin will only be 1.6pc of the 675 billion dollars mobilised in 2013, whereas in Africa, where the industry is expected to mobilise 100 million dollars in gross profits; only a one percent profit margin is expected. Heavy fuel uplift taxes, including in Ethiopia, and closed markets challenge industrial development in Africa and hence, the need for attention from policy makers, Tony, stressed.
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