Yasser El-Ramly: IATA privileges are worth the effort and make us proud of our achievements
The company aims to expand its fleet to 20 aircraft by 2020
"Air Cairo" announced that it has joined the International Air Transport Association "IATA". IATA Director General Tony Tyler handed the membership certificate to Air Cairo Chairman Yasser El-Ramly on the sidelines of the association's meeting to discuss the future of the air transport industry in the Middle East and Africa, held in Abu Dhabi, United Arab Emirates.
For his part, Yasser El-Ramly said the company's accession to IATA increases the weight of its position in the tourism and aviation markets, affirms its achievements, and gives it the opportunity to exchange travel documents with international airlines that are members of the association.
El-Ramly added that IATA membership is a goal airlines strive for and is worth the effort, given its importance in opening the way to discuss issues concerning the air transport industry at the regional and global levels, finding solutions to the problems and challenges it may face, and maintaining continuous communication with member companies through annual and periodic meetings. It also helps in concluding bilateral and code-share agreements with member airlines.
El-Ramly pointed to the privileges enjoyed by IATA member companies, most notably raising safety and quality standards, keeping pace with technological development, offering various financial exemptions to members, and reducing transit fees and taxes imposed on airlines by some countries, in addition to providing training courses and skills development for employees of the organization's member companies.
El-Ramly explained that joining the organization required many procedures that took several months, during which the company completed the forms required by the organization and provided it with statistics and data on the company's activity since its establishment.
It is worth noting that "Air Cairo" is an Egyptian joint-stock company established in 2003 under the Investment Law. Its ownership structure includes the EgyptAir Holding Company with 60%, and the National Bank of Egypt and Banque Misr with 40%, divided equally. The company currently has a fleet of 7 newly built Airbus "A320-200" aircraft, and aims to increase its fleet to 20 aircraft by 2020.
