CAIRO: Sherif Fathy, former consultant at EgyptAir Holding Company, was appointed Thursday as the head of the company by Minister of Civil Aviation Hossam Kamal.
The minister accepted the resignation of Sameh al-Hefny from his position Wednesday.
Fathy, 53, has been tasked with developing the network and fleet of EgyptAir, returning profitability, improving services and promoting sales and marketing.
Hefny occupied the post in March 2014, reducing the losses of the company from 2.8 billion EGP in 2013/2014 to 570 million EGP with a goal to yield a profit of 400 million EGP in the following fiscal year for the first times in years, he said in his resignation statement.
Fathy, on the other hand, worked as a regional director at the Dutch airlines, U.S. Northwest airlines, the International Air Transport Association, and other companies in the aviation field.