Egypt 2011 uprising has cost national carrier $14billion in losses
Egypt’s national carrier, EgyptAir has recorded $14 billion losses since the 2011 uprising which has affected the tourism industry.
According to the airline’s chairman Safwat Muslim, despite the tough circumstances facing EgyptAir, the company is persistent in modernizing its fleet of aircraft.
Egypt's tourism industry, a vital source of foreign currency, has been hit since the 2011 Uprising that toppled former president Hosni Mubarak, and the series of events that have followed his ouster. The decline in tourist has reflected on the flag carrier airline, EgyptAir.
Last May, an EgyptAir flight which was carrying 66 people on board including 30 Egyptians and 15 French nationals crashed en route from Paris to Cairo.
Last October, a charter flight operated by Russian airline Metrojet broke up midair 23 minutes after takeoff from Egypt's Sharm el-Sheikh Airport as it headed to St. Petersburg, killing all 224 passengers and crew on board.
Last September, an Egyptian army aircraft fired on a group parked for a barbecue near a tourist site, thinking they were militants. In addition to the eight Mexicans, four Egyptians were killed. Six Mexicans were wounded.
