Air Transport World

Africa/Middle East. (ATW's World Airline Report).(overview of Middle East airline companies activities; includes earnings)(Illustration)(Industry Overview)(Statistical Data Included)

EgyptAir: This spring the US NTSB's final report on the crash of EgyptAir 990 in October 1999 refocused the world's attention on the accident that killed 217 people. Thc board said the copilot purposely caused the accident and EgyptAir steadfastly maintained that an aircraft malfunction was to blame. That disruption had not completely faded this May when there was another fatal accident, a 737-500 that hit a hill during an approach to Tunis, killing at least 15.

The carrier during the past year signed a commitment with Airbus for three A318s to replace 737-200s on regional and domestic routes, becoming the first customer in the Arab world for the A318. Deliveries are set to begin late this year.

EgyptAir told ICAO that its passenger boardings increased 10% last year to 4.9 million.

El Al: The Israeli carrier posted a positive cash flow of $14.8 million and narrowed its losses to $85.2 million in 2001 from $109.4 million in 2000 despite the recession and die ongoing Palestinian uprising that caused a 46% drop in incoming tourism. Revenues fell from $1.3 billion to $1.1 billion and traffic was off 10%.

Chairman Michael Levy said that despite the collapse of tourism, El Al managed to maintain financial stability and increase its share of scheduled airline passenger traffic at Ben-Gurion Airport in Tel Aviv.

Levy announced that the El Al board selected Amos Shapira as president and CEO to succeed David Hermesh, who resigned after only 18 months in the job. Shapira heads Hogla-Kimberly, Israel's largest nonfood consumer company.

Emirates: The innovative carrier seems largely untouched by the world's changing economic status, producing profits and placing large orders for big airplanes as its expansion plans continue unchecked (ATW 1/02, p. …

Log in to your account to read this article – and millions more.