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Ann
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In FY2013/2014, EGYPTAIR MAINTENANCE & ENGINEERING (EGME) continued its successive growth and achieved 1.62 bil-lion EGP turnover despite of the political situation Egypt faced that consequently had its negative impact on the number of cus-tomers since 2011.
Given that, total revenues had increased by 15.7% compared to previous FY 2012/2013, costs & expenses also increased by 26.7% due to escalated exchange rate.
EGYPTAIR MAINTENANCE & ENGINEERING adopts the strat-egy of diversifying the income sources, which led to maintaining the 3rd party revenue at the level of 16.8% of the total revenue with a growth of 6.5% compared to previous fiscal year.
It is worth mentioning that, we re-launched the transformation program to modernize the technology platform as well as adding new facilities to enable the company to achieve its vision of being a leading MRO in the region.
Thanks to the company performance based on our qualified staff & management team dedicated commitment, EGME successfully sustained its base operations in the same international standards provided to its customers.
Eng. Abou-Taleb Tawfik Abou-Taleb
*Deep appreciation to Eng. Hisham Nasr EGYPTAIR MAINTENANCE & ENGINEERING Company Former Chairman & CEO for his exerted efforts inthe fiscal year 2013-2014.
Chairman massageChairman message
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Eng. Hisham Hassan Mahmoud NasserChairman and CEO
EGYPTAIR MAINTENANCE & ENGINEERING
Mr. Mounir Abd El-Wahab El-ZahedChairman & CEO
Banque Du Caire
Eng. Mohamed Tarek Mahmoud GhoulamChairman Assistant
EGYPTAIR MAINTENANCE & ENGINEERING
Mr. Adel Saleh El-GharablyChairman and CEO
EGYPTAIR TOURISM (KARNAK) & DUTYFREE
Capt. Mohamed Fathy Mohamed GharibChairman Deputy
EGYPTAIR AIRLINES
Capt. Sherif Saad El-Din GalalFormer Chairman & CEO
EGYPTAIR AIRLINES
Eng. Khaled Mohamed Ahmed Omar Director of Advertising & Communication,
EGYPTAIR MAINTENANCE & ENGINEERING
Mr. Taha Mohamed Metwally El-HershMember at Board of Directors
EGYPTAIR MAINTENANCE & ENGINEERING
Mr. Saeed Ahmed Hamouda HusseinMember at Board of Directors
EGYPTAIR MAINTENANCE & ENGINEERING
Eng. Abd El Wahab Abdo Abd El WahabSyndicate Representative
EGYPTAIR MAINTENANCE & ENGINEERING
Board of Directors
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Chairman
Organization Chart
Chairman Assistant
Chairman’s Office Director
Information Services Director
Legal Affairs Director
Overhaul Workshop Senior Director
Continuous Airworthiness Senior
Director
Technical Services Director
Maintenance and Contracting Director
Avionics Components Workshop director
Engine Workshop Director
Advertising & Communication Director
Financial Affairs Director
Tools, Calibration & Support Equipment
Director
Quality Assurance Director
General Planning Director
Human Resources Director
Marketing & Maintenance Contracting
Director
Material Director
Line Maintenance Director
Base Maintenance Director
Cabin Maintenance Director
Production Support Director
Mechanical Components Workshop Director
Aircraft Maintenance Senior Director
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Company Profile
EGYPTAIR MAINTENANCE & ENGINEERING (EGME), the only full-maintenance, repair and overhaul (MRO) services provider in Egypt. EGME achieved an aggressive breakthrough in order to be a reputable affiliated MRO using state-of-art in offering Solutions and Maintenance services for different types of aircraft, aircraft’s engines & components. EGME continues its role to support EGYPTAIR fleet. EGME holds the Egyptian Civil Aviation Approval, EASA Part 145 and FAR Part 145 approvals. EGYPTAIR MAINTENANCE & ENGINEERING possesses an authorized capital of 500 million EGP.
Vision
Mission
Values
Strategic Goals
EGYPTAIR MAINTENANCE & ENGINEERING will be the leading MRO at Middle East & Africa.
EGYPTAIR MAINTENANCE & ENGINEERING will provide MRO solutions with international standards to customers at Middle East, Europe & Africa through powerful and stable relationship with the Supplier/OEM, using its potential competencies, to add values to Egyptian economy, EGYPTAIR Group & EGYPTAIR MAINTENANCE & ENGINEERING’s professionals.
Ꮯ Safety comes first
Ꮯ Efficiency
Ꮯ Teamwork
Ꮯ Continuous learning
Ꮯ Serving Egyptian economy
Ꮯ Reposition EGYPTAIR MAINTENANCE & ENGINEERING as a leading MRO at Middle East & Africa
Ꮯ Sustain strong growth & profitability momentum
Ꮯ Shifting organization culture to be international business oriented
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Services Portfolio
Continuous Airworthiness Management
Extensive range of tailored solutions taking into considerations operator’s technical, operations, financial and regulatory aspects including but not limited to:
Ꮯ Aircraft acquisition support including technical definitions, options selection, warranty and guarantee terms, safe life policy definition…etc.
Ꮯ Aircraft Leasing Support
Ꮯ Fleet Management
Ꮯ Registration Support
Ꮯ Continuous Airworthiness Management
Ꮯ Maintenance Planning & Scoping
Ꮯ Assets Deliveries and Redeliveries Management.Airframe Maintenance
Provisioning all Ramp/Line Maintenance at base of operation (Cairo International Airport), all domestic airports and at many regional international airports. As well as light and heavy maintenance activities including maintenance checks, modification embodiment, striping & painting and repairs.
EGYPTAIR MAINTENANCE & ENGINEERING holds the following aircraft types within its scope of approval:
Ꮯ AIRBUS aircraft types:
A320Family, A330Family, A340-200/-300, A300-600 and A300B4
Ꮯ BOEING aircraft types:
B737-Classic, B737NG, B777series & B767, B757
Ꮯ In addition to, EMBRAER aircraft types
E170/175 & E190
Engine MaintenanceEGYPTAIR MAINTENANCE & ENGINEERING
maintains the following Engines types:
Ꮯ V2500 A1/A5 and CFM56-5C with the scope of:
Quick engine change (QEC) strip & build, modular replacement and engine core overhaul.
Ꮯ CFM56-3C, PW 4090/4158 and Trent 700 with the scope of:
Quick engine change (QEC) strip & build and modular replacement.
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Component Maintenance & Support
Calibration Services
EGYPTAIR MAINTENANCE & ENGINEERING provides components maintenance services for a wide range of aircraft components such as mechanical components (hydraulics, brakes, and wheels) and avionic components (ATEC and Radio instruments and electrical systems).
In addition to offering components support solutions that including access to components pool, loan & exchange options, repair management and warranties & guaranties management
EGYPTAIR MAINTENANCE & ENGINEERING maintains the capacity to calibrate many types of measurement instrument and devices such as:
Ꮯ Electrical instrument and devices:
DC/AC voltage, electrical current and resistance
Ꮯ Pressure instrument and devices:
Gas and hydraulic gauges
Ꮯ Frequency
Ꮯ Torque
NDTProvide NDT services using eddy current, ultrasonic,
X-ray and gamma ray, penetrant inspection, and magnetic partial inspection.
Certifications & Accreditations
EGYPTAIR MAINTENANCE & ENGINEERING holds and maintains the following accreditations & certificates that governing the continuous compliance with related regulations and standards:
Ꮯ ECAA Part 145 (approval Certificate no. EGYPTAIR/AS/01/98)
Ꮯ EASA Part 145 (approval certificate no 0290)
Ꮯ FAR part 145 (approval Certificate no. 3EMY437B)
Ꮯ Calibration Laboratory (ISO 17025)
In addition to many local Authorities approvals, that enable EGYPTAIR MAINTENANCE & ENGINEERING to provision its services to their registered operators:
Ꮯ UAE General Civil Aviation Authority (GCAA)
Ꮯ Kuwait Civil Aviation Authority (DGCA)
Ꮯ Jordan Civil Aviation Authority (JCAA)
Ꮯ Director of Civil Aviation of Bermuda (DCA)
Ꮯ Qatar Civil Aviation Authority (QCAA)
Ꮯ Libya Civil Aviation Authority (LCAA)
Ꮯ Pakistan Civil Aviation Authority (PCAA)
Ꮯ Bahrain Civil Aviation Affairs (BCAA)
Ꮯ Oman Directorate General of Civil Aviation and Meteorology (DGCAM)
Ꮯ Civil Aviation Authority Cayman Island
Ꮯ Saudi Presidency of Civil Aviation (PCA)
Ꮯ The State Civil Aviation Authority of the Russian Federation (SCAAR)
Ꮯ U.S. Department of Transportation (DOT)
EGYPTAIR MAINTENANCE & ENGINEERING is approved by EMBRAER, the regional aircraft manufacturer, as EMBRAER Authorized Aircraft Service Center for EMB-170/-190. As well as, being an approved partner for BOEING to install the Blended Winglet for B737 Classic/NG aircraft. Recently, acting as B/E Aerospace Approved Service Center for Galley Inserts in African continent
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Performance Highlights
Customers Base
In 2013/2014, EGYPTAIR MAINTENANCE & ENGINEERING maintains its customer base at the level 130 contracted customer across its active business streams.
5768
102
126130
07/08 08/09 09/10 11/12 12/13
EGYPTAIR MAINTENANCE & ENGINEERING Customers Base
Technical Dispatch Reliability for EGYPTAIR Fleet
EGYPTAIR MAINTENANCE & ENGINEERING maintained the Technical Dispatch Reliability for EGYPTAIR passenger aircraft while the low utilization affected the Technical Dispatch Reliability for cargo fleet
(%)
EgyptAir Airlines
EGYPTAIR Fleet Average Technical Dispatch Reliability
EgyptAir Cargo
2012/2013 2013/2014
EgyptAir Express
100
98
96
94
92
90
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813.4 1,083.21,228.0 1,206.4
1,353.2 1,417.8
1,641.1
Mili
on E
GP 1.600
1.200
800
400
0
Financial Performance
07/08
07/08
08/09
08/09
09/10
09/10
10/11
10/11
11/12
11/12
12/13
12/13
13/14
13/14
Ꮯ EGYPTAIR MAINTENANCE & ENGINEERING achieved a strong positive growth rate for the Total Revenue with 22% increase, relative to the previous fiscal year
Ꮯ EGYPTAIR MAINTENANCE & ENGINEERING grows its Third party revenue by 6.5%
165.0187.0
214.1
267.9 259.3
276.1
235.2
Mili
on E
GP
300
200
100
0
Total Revenue Growth
3rd Party Revenue
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Main Projects
Development Stages
Facility Master Plan
ICT Modernization
EGYPTAIR MAINTENANCE & ENGINEERING launched the execution of its long-term master facility plan starting with the renovation and development of one the current heavy maintenance hangar and the designing of the dedicated painting hangar. While finishing company complex at Cairo International Airport, Terminal #3.
EGYPTAIR MAINTENANCE & ENGINEERING is about to release an international tender to replace its legacy IT system into modern fully integrated MRO IT solution as the main base block for its modern ICT platform following the strategy drown from EGYPTAIR MAINTENANCE & ENGINEERING Transformation Program.
Ꮯ By 2002, EGYPTAIR MAINTENANCE & ENGINEERING became a separate business entity as a subsidiary of EGYPTAIR HOLDING.
Ꮯ Early 2006, EGYPTAIR MAINTENANCE & ENGINEERING obtained the EASA Part 145 approval for Line Maintenance activities.
Ꮯ In September 2006 EGYPTAIR MAINTENANCE & ENGINEERING leveraged the rating of EASA approval by adding the Base Maintenance activities (AIRBUS types)
Ꮯ In September 2007 EGYPTAIR MAINTENANCE & ENGINEERING expanded the EASA approval to cover BOEING types.
Ꮯ By the end of 2007 EGYPTAIR MAINTENANCE & ENGINEERING fulfilled the requirement to be a certified organization according to ISO 9001:2000, Also the calibration lab had been certified according to ISO 17025
Ꮯ Early 2008 EGYPTAIR MAINTENANCE & ENGINEERING celebrated the opening of brand
new Engine Overhaul Workshop.
Ꮯ By March 2008 EGYPTAIR MAINTENANCE & ENGINEERING, got the EASA approval for the new Engine Overhaul W/S.
Ꮯ In December 2008, EGYPTAIR MAINTENANCE & ENGINEERING celebrated the releasing of first CFM56-5C engine, according to EASA 145 release to service certificate.
Ꮯ In May 2009 EGYPTAIR MAINTENANCE & ENGINEERING was nominated “The Best Airline Third Party MRO” in the year Aviation Industry Awards.
Ꮯ In June 2009 EGYPTAIR MAINTENANCE & ENGINEERING celebrated the inauguration of a new company, Egypt Aero Management Service, A joint venture between EGYPTAIR HOLDING, EGYPTAIR MAINTENANCE & ENGINEERING and Rolls Royce
Ꮯ By the end of 2008/2009 fiscal year, EGYPTAIR MAINTENANCE & ENGINEERING hit limit of 1 billion EGP as total revenue.
Ꮯ In June 2010, EGYPTAIR MAINTENANCE & ENGINEERING Approved as B/E Aerospace Service Center for Galley Inserts in African continent.
Ꮯ In April 2011, EGYPTAIR MAINTENANCE & ENGINEERING obtained the FAA approval under FAR 145 as an approved Repair Station
Ꮯ By the end of 2011, EGYPTAIR MAINTENANCE & ENGINEERING joined EMBRAER aircraft services network as authorized service center for the EMBRAER 170/190 family in the region.
Ꮯ In May 2012, EGYPTAIR MAINTENANCE & ENGINEERING launched its new Line station in Baghdad, IRAQ to support IRAQI Airways operation
Ꮯ In May 2013 EGYPTAIR MAINTENANCE & ENGINEERING opened Integrated Drive Generator (IDG) units Test workshop after renovation
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EGYPTAIR MAINTENANCE & ENGINEERING CO, STATEMENT OF FINANCIAL POSITION AT 30/06/2014
PARTICULARS 2012/2013 (EGP) 2013/2014(EGP)LONG - TERM ASSETS Fixed Assets (net ) 380,580,905 346,240,196Projects In Progress 136,046,568 154,252,101 LONG - TERM investments 25,741,548 30,756,673 Long - Term Loans And Debit Balances 3,684,071 1,838,471Total of Long - term assets (1) 546,053,092 533,087,441 Current assets Stock 540,326,732 485,634,277 Customers , Notes Receivables And Debit Accounts 444,333,939 414,412,251 Cash in banks and in hand 53,101,030 28,050,433Total current assets 1,037,761,701 928,096,961 Current Liabilities Provisions 29,004,496 37,168,968 Creditor banks 13,928,667 8,960,843 Suppliers , Notes Payable And Credit Accounts 703,933,733 648,740,376 Total current liabilities 746,866,896 694,870,187Working capital (2) 290,894,805 233,226,774Total investment (1+2) 836,947,897 766,314,215 financed as follows : Issued capital 500,000,000 500,000,000Paid Up Capital - Reserves 307,009,444 242,769,116Total Equity (3) 807,009,444 742,769,116Long - Term Liabilities (4) 29,938,453 23,545,099Total financing of investment (3+4) 836,947,897 766,314,215EGYPTAIR MAINTENANCE & ENGINEERING CO , THE RESULT ACCOUNTS FROM 1/7/2013 TO 30/6/2014REVENUESAssets & Investment 2012/2013 (EGP) 2013/2014(EGP)Activity Revenues . 1,376,972,156 1,620,082,676 Grants & Donations. - -Investments Revenues & Interests. 472,109 317,928Other Revenues & Profits. 40,359,839 20,710,828Total Revenues 1,417,804,104 1,641,111,432
COSTS & EXPENDITURESAssets & Investment 2012/2013 (EGP) 2013/2014(EGP)Raw Material , Requisites, Fuel & Spare Parts. 251,398,197 359,017,031 Wages. 547,900,456 613,153,055Expenditures. 424,913,490 552,846,899Purchases of goods for sale purposes . - -Burdens & Losses. 85,215,586 96,280,774Total Cost & Expenditures. 1,309,427,729 1,621,297,759SURPLUS or DEFICIT 108,376,375 19,813,673