By Mohamed Attia
The Holding Company for Airports and Air Navigation (EHCAAN) has taken a step towards merging two of its subsidiaries, EgyptAir Ground Services (EGS) and EgyptAir Complementary Industries (ECI). The merger was approved by the general assembly of both companies in separate meetings chaired by Yehia Zakaria, chairman of the board of directors of EHCAAN.
The merger is expected to be finalised in the coming days by a decision from EHCAAN CEO Mohamed Abbas.
ECI is a manufacturer of aircraft parts and equipment, while EGS provides ground handling services at airports across Egypt. The merger is expected to create a more efficient and integrated operation that will better serve the needs of EgyptAir and other airlines.
In a statement, EHCAAN said that the merger is “in line with the company’s strategy to improve efficiency and reduce costs.” The company also said that the merger is expected to create new jobs and opportunities for growth.
The merger is the latest in a series of reforms being implemented by EHCAAN. In recent years, the company has invested heavily in upgrading its airports and improving its services.
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