Ethiopian Airlines and the Agence Francaise de Developement (AFD) have signed a loan agreement of 30 Million Euros at the Ethiopian Airlines Headquarters. The agreement is aimed at financing the expansion and upgrading of Ethiopian Airlines training academy with state-of-the-art infrastructure and facilities. The deal covers a 15 years term loan, part of which is concessional. Tewolde G Mariam, designate chief executive officer of the airlines and Didier Grebert, AFD regional manager for Ethiopia, Sudan and Somalia, signed the agreement at Ethiopian headquarters on October 15, 2010.  The signing ceremony was graced by HE Jean-Christophe Belliard, French Ambassador to Ethiopia

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