Joint company between EgyptAir and Lufthansa for airplane maintenance

The EgyptAir company and the German airline Lufthansa started the executive steps to establish a joint company for maintaining airplanes using EgyptAir's workshops, which EgyptAir started establishing in 1997.

The company is to be completely established in May. The cost of establishing this company reached nearly 500 million L.E.

Egyptian Transportation Minister Ibrahim El-Domairi said EgyptAir will have the most shares-- not less than 51% of the company's capital which has not yet been finally determined.

Sojairma, a French company and the U.S. Lockheed offered EgyptAir to participate in this new company yet the Egyptian government preferred the German offer.