00:00 The signing of the contract was made on 18 LIS aircraft from ALC, one of the largest aircraft rental companies in the world.
00:10 This is the first time we are dealing with them and they were very supportive of Egypt Air.
00:15 The deal is about 18 737-8 MAX aircraft.
00:21 This is a big addition to Egypt Air. Egypt Air operates the same type of aircraft but with 800 NGs.
00:31 We have 29 of these 737 aircraft.
00:35 What is the price of these new aircraft?
00:39 166 LIS.
00:41 What is the value of this deal?
00:45 This is a monthly rent.
00:54 How much is it?
00:56 This is a monthly rent.
00:59 How much does it cost the company?
01:02 How long is the contract?
01:05 The contract is 12 years.
01:09 The rent is different from country to country.
01:16 Can Egypt Air increase the deal in the near future?
01:23 Yes, it can.
01:25 Tomorrow, the contract will be signed with Airbus.
01:32 How many aircraft will be owned by Airbus?
01:36 We will announce it tomorrow.
01:39 I will give you information about the contract with Airbus.
01:45 Let's talk about the losses.
01:47 The company has lost 30 billion pounds.
01:52 How much is the total loss?
01:55 We call it a loss of profit.
01:58 We call it a loss of travel.
02:01 It is a result of international circumstances.
02:06 We cannot neglect the losses unless we have a cash injection.
02:12 We have to invest money or have a positive performance from the company.
02:18 This takes time.
02:20 But we can say that the company achieved the profits of the year.
02:26 How much is the profit?
02:29 It is more than 100 million dollars.
02:33 How much is the profit during the year 2023-2024?
02:39 The indicators show good numbers.
02:44 We can say that we achieved this number in the first quarter.
02:49 We have 9 companies under your control.
02:54 Do you have a plan for the future?
02:57 We have 8 companies under your control.
03:01 We have a recommendation from the company to study the structure of the aircraft.
03:08 We studied this before.
03:11 We have results.
03:13 We are implementing some of them.
03:16 We are implementing the other part.
03:19 We studied this at the beginning of the pandemic.
03:26 The international circumstances are changing.
03:29 We need to study the structure again.
03:32 But the structure is not easy.
03:37 It is tough.
03:39 We have to study the other part.
03:42 We have studied the structure.
03:44 We are implementing the other part.
03:46 We have the expertise of Lofthansa.
03:49 The value of the consultations with these companies is very high.
03:55 Can we see the structure of some of these companies?
04:00 We will integrate some of these companies.
04:05 I don't know the value of Lofthansa.
04:09 It is up to the financial people.
04:12 How many companies will be integrated?
04:15 We are currently integrating other companies.
04:19 We will study this during the competition.
04:22 What are the two companies that will be integrated?
04:25 The company is called Sanat Al Mukammela.
04:28 It makes the necessary accessories for the aircraft.
04:31 It is not a war seat.
04:33 It is for catering.
04:35 How much does the fuel cost affect the operation of the company?
04:38 And how much does the cost of fuel in Egypt affect the operation of the company?
04:41 The cost of fuel in Egypt should have an impact.
04:46 But we have adopted financial policies to prevent the cost of fuel from affecting the operation.
04:53 These are some of the internal policies that we have adopted in the company.
04:57 It will not have an impact.
04:59 If there are devaluations in the currency, it will not have an impact.
05:04 What are the expectations of the number of passengers during the year?
05:07 How much will the growth rate be?
05:09 The growth rate is about 30% from 2021-2022.
05:19 We have recovered 19% more than 2019.
05:23 The growth rate is about 30% more than 2021-2022.
05:29 What is the intention of increasing the number of air traffic to Egypt?
05:33 We are working on a new direction every day.
05:38 In the future, we will be able to reach 100 citizens according to the plan.
05:49 How much does the cost of the seat operation now cost?
05:52 It is about 80%.
05:56 We have started to see losses.
05:58 I would like to know from the number movement, is the plan to get rid of these losses in 30 billion pounds?
06:07 It is less than 30 billion pounds.
06:09 But according to the plan, we will be able to get rid of the losses in 5 years.
06:17 One year, two years, five years?
06:20 We will be able to get rid of the losses in 5 years.
