Egypt Air – Ratings and Reviews
Full Review (Egypt Air)
Egypt Air is the flag carrier airline of Egypt. The airline is based at Cairo International Airport, its main hub, operating scheduled passenger and freight services to more than 75 destinations in the Middle East, Europe, Africa, Asia, and the Americas. An extensive network of domestic services is focused on Cairo, Egypt’s capital. The airline is a member of Star Alliance, having joined on 11 July 2008.
The airline was founded in May 1932 as Misr Airwork. It was managed pre-war by Airwork Ltd of the United Kingdom. Regular services began in June 1933 with a small fleet of De Havilland Dragon eight-seat biplane airliners. Services linked Cairo with Mersa Matruh via Alexandria. In 1934 international services began to Lydda and Haifa, being extended to Baghdad in 1936. Misr Airwork’s routes were taken over by the Egyptian government in September 1939.
Misrair was renamed United Arab Airlines (UAA) in 1960. Jet equipment arrived in mid-1960 with the delivery of De Havilland Comet 4C airliners. These enabled the UAA route structure to be extended to London from 1 July 1960, followed by services to other European cities.
The company is self-financing without any financial backing by the Egyptian government.
EgyptAir wholly owns EgyptAir Express and Air Sinai. The airline has stakes in Air Cairo (60%) and Smart Aviation Company (20%).
In 2004, EgyptAir became the first IOSA certified airline in Africa.
The EgyptAir Holding Company has recorded substantial profits in past years, reaching US$170 million during the 2007/2008 financial year. This is fortified by huge assets of more than US$3.8 billion. The airline’s financial year is from July to June. For the fiscal year ending 31 July 2007, EgyptAir achieved a record total revenue of US$1.143 billion. Total group revenue grew by 14%, as compared with the previous year.
On 10 March 2010 the airline took delivery of its largest aircraft, the Boeing 777-300ER in Cairo Airport, with a seat capacity of 346. The aircraft is equipped with a new on-board product and the largest business cabin to-date.
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.
On 19 March 1972, EgyptAir Flight 763 crashed into a mountain on approach to Aden International Airport in Yemen killing all 30 passengers and crew on board.
On 25 December 1976, EgyptAir Flight 864 crashed into an industrial complex in Bangkok, Thailand. All 52 persons on board plus 19 people on the ground were killed.
Quick Review (Egypt Air)
Founded: 1932 (as Misr Airwork)
Hubs: Cairo International Airport
Major cities: Borg El Arab Airport, Hurghada International Airport, Luxor International Airport, Sharm el-Sheikh International Airport
Alliance: Star Alliance
Subsidiaries: Air Sinai, EgyptAir Cargo, EgyptAir Express, Smart Aviation Company
Fleet size: 80
Destinations: 78 (incl. subsidiaries)
Company slogan: Enjoy The Sky
Parent company: EgyptAir Holding Company
Headquarters: EgyptAir Administrative Complex, Cairo, Egypt
Categories: Airline Reviews
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