Air Cairo presses on with expansion plans despite EgyptAir slump

EgyptAir subsidiary Air Cairo is pressing ahead with “ambitious plans to nearly triple in size” despite the headwinds its mother company is facing, says Arabian Aerospace. The company’s expansion strategy is counting predominantly on a recovery in demand from Europe. While that may be a “high-risk” strategy, says Air Cairo Chairman and CEO Yasser El Ramly, “the tide is slowly turning for Egyptian tourism” and this planned expansion places “Air Cairo at the front of the queue to benefit from gradual normalisation.” Air Cairo currently operates eight aircrafts and has plans to grow its fleet to 10-11 planes by the end of the year and 20 planes by 2020.