Sunday's flight left Bole airport in Addis Ababa at 8:38 am (0538 GMT), before losing contact with the control tower just a few minutes later at 8:44 am.
"The group CEO who is at the scene right now deeply regrets to confirm there are no survivors," the airline tweeted alongside a picture of Tewolde GebreMariam in a suit holding a piece of debris inside a large crater.
Passengers from 33 countries were aboard, said Tewolde in a news conference. The dead included Kenyan, Ethiopian, American, Canadian, French, Chinese, Egyptian, Swedish, British and Dutch citizens.
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