History
The airline was established by Dr Ibrahim Kamel's Kato Group, in conjunction with a consortium of Egyptian travel agents. It started operations in 1997. In 2003 EgyptAir acquired 40% (later increased to 60%) of the airline and the existing Tupolev fleet and operations were transferred to a new company, Cairo Aviation. Air Cairo was then re-positioned as a new charter airline and EgyptAir subsidiary operating domestic and international charter services.
Recently, the company is re-modeling towards the low fare model which is planned to be the strongest low fare airline in Egypt. On 1 June 2012 Air Cairo launched its first ever scheduled flight from Borg El Arab Airport Alexandria to Kuwait International Airport.
Read more about this topic: Air Cairo
Famous quotes containing the word history:
“The principle that human nature, in its psychological aspects, is nothing more than a product of history and given social relations removes all barriers to coercion and manipulation by the powerful.”
—Noam Chomsky (b. 1928)
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)