News

EgyptAir Chairman ‘Resigns’ After Accusations of Mismanagement

EgyptAir Chairman ‘Resigns’ After Accusations of Mismanagement

egyptair-737-800

Egypt’s Civil Aviation Minister Hossam Kamal has accepted the resignation of Sameh el-Hefny, Chairman and CEO of EgyptAir, after he had been summoned to the Ministry over accusations of mismanagement.

According to state-owned Al-Ahram, the Administrative Control Authority had released a report that highly criticized EgyptAir’s mismanagement. The administrative watchdog reported that a number of newly purchased planes had not been used, there was pieces of scrap left along the runways at Cairo International Airport and that a piece of land owned by EgyptAir had been turned into a dump and was unused effectively by the company.

Despite the mismanagement report, El-Hefny defended his record as Chairman and CEO, telling Al-Ahram that EgyptAir did not have responsibility for these violations. On EgyptAir’s Facebook page, El-Hefny also released a letter in which he defended his tenure and employees.

egyptair1

According to El-Hefny’s letter, the former Chairman noted that since March 2014 EgyptAir had managed to cut its losses from EGP 2.8 billion to just EGP 570 million. EgyptAir had accumulated EGP 10.11 billion in losses between 2011 and December 2014, said El-Hefny to Al-Ahram.

In the letter, El-Hefny also urged employees of EgyptAir to stand by the company and to not listen to false rumors and lies. El-Hefny also thanked everyone for their efforts and pledged to stand with the employees of the company.

Despite recent financial stimulation, EgyptAir continues to struggle to revive itself since the January 25 revolution.

Palestinians Call For Their Flag To Be Raised At The United Nations
Egypt's President Sisi Meets Russia's Putin for Fourth Time

Subscribe to our newsletter


  • G egypt

    according knowledgeEgyptian pilots make half salary comparing other pilots. nevertheless they stay one of the most expensive company’s to travel with .. they could get a lot of tourists if they look further then there nose… management and marketing is something else… once i fly with Egypt air… they have a lot to learn for name it a good service while flying

News

More in News

Shubra District Head Suspended After Deadly House Collapse

Nour EltiganiSeptember 23, 2018

Egypt Appeals Court Releases Mubarak Sons, Dismisses Judge

Egyptian StreetsSeptember 22, 2018

EU Looks to Egypt for Help With Mediterranean Migration

Mirna AbdulaalSeptember 21, 2018

Egypt to Receive 56,000 Tank rounds as Part of $99 Mn Arms Deal with US

Taha Mahmoud SakrSeptember 19, 2018

Egypt Planning to Establish Anti-Cancer Drug Factory

Mirna AbdulaalSeptember 18, 2018

Sandstone Sphinx Statue Discovered in Kom Ombo

Sara AhmedSeptember 16, 2018

UN Adopts Egyptian Resolution On Preventing Sexual Abuse

Mirna AbdulaalSeptember 16, 2018

Egypt Seeks to Penalize Water Misuse

Sara AhmedSeptember 16, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.