By Mohammed Attia
Finally, after several years of discussions and studies, the general assembly of EgyptAir, headed by Minister of Civil Aviation Mohamed Manar and in the presence of EgyptAir chairman Amr Aboul-Enein, decided to complete the project of merging the companies of the national company on the basis of the book value.
Minister Manar is scheduled to issue a decision within the next few days to form a committee of experts to implement the merger procedures.
The Finance Committee of the Ministry of Civil Aviation headed by Mohamed Heiba, the financial advisor to the minister and its legal counterpart, had completed studying the final version of the project to restructure EgyptAir and its subsidiaries, which was prepared by the Central Agency for Organization and Administration.
The most prominent features of the restructuring is that the companies will be merged to be only 3 affiliated companies, in addition to the holding company, which will include EgyptAir for Medical Services, EgyptAir Hospital and EgyptAir Duty Free Shops.
As for the subsidiaries, they will be as follows: EgyptAir Airlines, which will be the largest company, as EgyptAir Cargo, EgyptAir Express and EgyptAir Karnak will join them.
As for the second company that will remain in the restructuring, it is EgyptAir Company for Maintenance and Engineering. As for the third company, it is EgyptAir Company for Ground Services, which will include the Complementary Industries Company.
The national airline is also scheduled to appoint a managing director for each company that will be merged with another company to manage the activity.
On the other hand, the minister praised the fruitful cooperation with the Central Agency for Organization and Administration, expressing his appreciation for the great role played by the Authority to enhance the role of the various ministries and vital sectors in the Egyptian state with the aim of continuing to raise the efficiency of government performance to create more flexible and speedy bodies in the performance of services.
The minister also thanked the work team from both sides of the ministry and the agency, which implemented the procedures for modernizing the administrative structure of the ministry, which will help achieve the desired goals, vision and strategic plan of the ministry.
The ministry stressed the importance of continuing to develop government work in a way that contributes to achieving excellence in performance and improving the quality of services provided in various sectors, which in turn will contribute to achieving the aspirations of the comprehensive development process implemented by the Egyptian government during the current period.
This comes as a great leap has been achieved in terms of modernizing the quality of government services and enhancing efficiency, which is in the interest of the citizens.
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