Over the years, the commercial aviation industry has undergone significant changes and witnessed countless examples of innovation. For example, in the years after World War II, the arrival of the jet age transformed the industry. High-flying jets, like the Boeing 707 and the Douglas DC-8, replaced smaller propeller aircraft and further expanded airlines’ operations around the world. Over the following years, jet-powered aircraft would grow increasingly larger, more powerful, and more efficient, eventually turning into modern day commercial travel.
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Ethiopian Airlines has announced that the construction of its new $12.5 billion airport project has begun. The new facility is set to become the largest airport on the African continent and its first mega-hub, with the capacity to handle over 100 million passengers annually.With the airline’s current hub set to reach maximum capacity in the coming years, this new airport project will be funded by the airline, along with a few domestic and international credit lenders. The first phase of the airport should be operational sometime in 2030.