Egyptair Corporate AffairsEgyptair Corporate AffairsEgyptair Ownership and Structure Egyptair is a state-owned company, 100% owned by the Government of Egypt. The Egyptair Holding Company was created in 2002 with seven companies, with two further companies added at later dates. There are three carriers, which operate under the same AOC but are managed separately and have their own profit and loss accounts:
The airline has stakes in:
Data for the Egyptair Holding Company and for its main subsidiary Egyptair Airlines, are shown below (for years ending 30 June): 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Net profit (LE million) 579 695 573 533 −2,059 −3,106 −1,748 −2,817 37 13 72 Number of passengers (m) 7.8 8.2 7.9 8.7 8.0 8.2 Passenger load factor (%) 72 68 66 69 Cargo carried (tons m) 127 121 122 Number of aircraft (at year end) 45 50 59 66 76 79 81 81 81 77
Net profits (LE million) 161 232 208 130 −2,205 −3,069 −1,885 −2,923 −0,977 −1,279 −5,553 Number of passengers (m) 5.7 6.7 6.8 7.3 6.8 7.2 7.8 7.1 7.4 7.3 7.0 Passenger load factor (%) 63 67 68 72 68 65 67 63 66 69 Number of aircraft (at year end) 38 40 48 50 63 64 65 65 60 50 Trends for Egyptair Express and Egyptair Cargo are shown on the relevant articles. Figures for the year ending 30 June 2011, and the lack of detailed accounts since then, reflect the disruption that occurred because of the Egyptian Revolution in early 2011. Egyptair Head Office Egyptair is headquartered in the Egyptair Administrative Complex on the grounds of Cairo International Airport in Cairo. Egyptair Logo The airline's logo is Horus, the sky deity in ancient Egyptian mythology, chosen because of its ancient symbolism as a "winged god of the sun", and usually depicted as a falcon or a man with the head of a falcon. The Horus made its first appearance in the early 1970s. It was originally painted with a red head and blue feathers in front of a golden backdrop. It was painted around the plane including the engine cases. This was due to Egyptair wanting to keep a warm coloured livery in the early days of the airline. Egyptair Overview Egyptair مصر للطيران Egyptair IATA: ICAO: Callsign Egyptair MS: MSR: Egyptair Egyptair Founded: 7 June 1932 Egyptair Commenced Operations: July 1933 Egyptair Hubs: Cairo International Airport Egyptair Focus Cities: Borg El Arab Airport Sharm El Sheikh International Airport Egyptair Frequent-Flyer Program: Egyptair Plus Egyptair Alliance: Star Alliance Egyptair Subsidiaries: Air Cairo Egyptair Cargo Smart Aviation Company Egyptair Fleet Size: 78 Egyptair Destinations: 102 Egyptair Parent Company: Egyptair Holding Company (Government of Egypt) Egyptair Headquarters: Egyptair Administrative Complex Cairo, Egypt Egyptair Key People: Eng. Yehia Zakaria (Chairman & CEO of Egyptair Holding Company) Capt. Mohamed Elyan (CEO of Egyptair Airlines) Egyptair Employees: 9,000 (December 2014) | |||||
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