Observer One of Africas largest and fast growing airlines, Ethiopian Airlines, has injected $4.2 billion in acquiring new aircraft. The company has placed an order for five B777-200LRs from the Boeing Company and twelve A350-900s from Airbus valued at $1.3 billion and the twelve A-350-900s at $2.9 billion. According to Mr. Girma Wake, the airlines CEO, the new purchase of aircraft is in line with the companys fast growth strategy in which it is predicted that the fleet size would significantly increase in the next 10 to 15 years. Ethiopian has been one of the fastest growing airlines in the industry during the past five years and continues to maintain the trend firmly. Thus, in order to meet the required level of fleet size going forward, [we] made the decision to diversify its fleet type among Boeing, Airbus and Bombardier aircraft, Girma said. According to Girma, the airline which started in 1946 has 35 new airplanes on order. These long term investments will also enable Ethiopian Airlines to operate one of the youngest and greenest fleet in Africa and provide more efficient and better service to its customers, he said. Currently, the airline operates 34 aircrafts. The airline provides services to 34 cities in Africa and to a total of 55 destinations worldwide. Last year, Ethiopian airlines won the 2008 Corporate Achievement Award of Aviation & Allied Business for setting the pace towards the development and growth of the African aviation industry. Ethiopian Airlines was also the winner of the 2008 Best Airline in Africa Award at the African Travel Award in Lagos, Nigeria, for its excellent network and convenient connections in Africa.