Geven-SkyTecno and Ethiopian Airlines have inaugurated a Boeing 737 MAX aircraft insulation blanket manufacturing facility. The new joint venture, named “Ethiopian Sky Technologies”, is based in Addis Ababa with a primary manufacturing facility at Bole Airport.
Ethiopian Airlines holds a 51% stake of the new company and Geven-SkyTecno holds a 49% stake. The parties are jointly manufacturing the products in Italy and Ethiopia as a supplier to Boeing.
Geven-SkyTecno has been contributing its process technology proficiency and manufacturing know-how to the joint venture, as well as being responsible for speeding up the company’s industrialisation, qualification processes and training skills.
“We are very pleased to announce this joint venture with Ethiopian Airlines, with whom we are looking forward to working together with,” said Alberto Veneruso, Managing Director of Geven-SkyTecno. “Our manufacturing excellence combined with our expertise in process technology, industrial efficiency and world-class distribution capabilities will provide our customers with best-in-class insulation solutions. Furthermore, Geven-SkyTecno provides the JV with a team of highly trained technical engineers with unparalleled experience meeting the demand for similar products from world airlines and OEMs.”
Mesfin Tasew, CEO of Ethiopian Airlines Group commented:” We are glad to unveil a modern manufacturing facility of Ethiopian Sky Technologies at our home base, Addis Ababa. As part of our vision to develop the aerospace manufacturing industry in Ethiopia, the partnership with Geven-SkyTecno takes our capability to the next level.
“As we have a very well established MRO capability with an excellent track record of providing aircraft maintenance, we can leverage this capability and experience to further develop our aerospace manufacturing capability and eventually make it one of the key strategic business units of the airline. We are happy that we have gone into this tri-partite relationship with Geven-SkyTecno and Boeing and that we started manufacturing and exporting the Aircraft Thermo-Acoustic Insulation Blankets for the 737 MAX.”