Turning Egypt air to a holding company

Ibrahim El-Domairi, minister of the Egyptian transportation, said there is a development plan to turn EgyptAir airlines from a company of general public interest affiliated to the cabinet to a holding company in a period of six months.

He said this would provide investment opportunities as the company would be broken up into 16 companies that would specialize in passengers, cargo transportation, maintenance, free shops, ground services cargo assemblages, storage, land transportation, tourism and medical care.

El-Domairi asserted to Arabicnews.com that "it was decided granting EgyptAir six months to adjust its positions according to this plan and establishing a company for organized internal air transportation in association with the Egyptian private companies."