Egyptair (MS) generated EGP20.7billion (USD3billion) in revenue for its latest 2012/2013 Financial Year, a rise of 63% on that recorded for 2011/2012, Egyptian Minister of Civil Aviation, Abdel Aziz Fadel, has announced. Speaking in Cairo outlining the current state of Egypt's civil aviation industry, Mr Fadel did however concede that, despite the rise in revenue, the airline was still struggling to turn a profit as it is saddled with EGP11.5billion (USD1.7billion) in debt.
Tuesday, October 1, 2013
Friday, August 16, 2013
The Egyptian Minister of Civil Aviation, Abdel Aziz Fadel, has confirmed that all airports in the country are operating normally though the imposition of a curfew in Cairo has resulted in national carrier Egyptair (MS) asking passengers to be at Cairo International Airport at least 4 hours before the scheduled departure time of any international flights and 90 minutes before departure for domestic flights. He added the main road to Cairo airport was open and is closely monitored by police checkpoints and armed patrols.
Tuesday, August 6, 2013
Egypt's new Minister of Civil Aviation, Mr Abdel Aziz Fadel, says Cairo International Airport's Aerotropolis proposal, dubbed Cairo AeroCity, has thus far attracted USD3billion in initial bids in spite of the unstable political situation currently prevailing in the country.
Thursday, July 18, 2013
Egypt's new interim president, Adly Mansour, on Tuesday July 16, presided over the swearing-in ceremony of his new cabinet, scheduled to last six months while fresh elections are planned, whereupon he appointed Mr Abdel Aziz Fadel, the current Chairman and CEO of Egyptair Maintenance & Engineering, to the post of interim Minister of Civil Aviation. Mr Fadel replaces Engineer Wael El-Maadawy who was ousted along with the rest of Mohammad Morsi's government during last week's military-backed coup d'état.
Wednesday, May 22, 2013
Egyptian Minister of Civil Aviation, Engineer Wael El-Maadawy, has announced the impending launch of an international tender for the lease of Cairo Terminal 1's Hall "4"; a facility dedicated to private and executive jet services.
Sunday, March 17, 2013
■ EGYPT: Finalized plan for new $20billion Cairo "airport city" development to be presented in April.
Planning for the construction of a new USD20billion "airport city" near Cairo International Airport is to be concluded come April reports from Egypt’s Ministry of Civil Aviation state. The new development will be the first of three similar projects to be built in the capital, Alexandria (Burg Al Arab airport) and at Port Said airport.