Latest news with #AirCairo
Business Times
12 hours ago
- Business
- Business Times
ST Engineering bags new contracts worth S$4.7 billion in Q2 2025
[SINGAPORE] ST Engineering on Wednesday (Jul 23) announced that it secured S$4.7 billion in new contracts in the second quarter of 2025. These comprise S$1.5 billion from the commercial aerospace segment, S$1.5 billion from the defence and public security segment, and S$1.7 billion from the urban solutions and satcom segment. The commercial aerospace segment clinched several new contracts across its maintenance, repair and overhaul (MRO), as well as its aerostructures and systems sub-units. Some of the MRO contracts include a component services agreement with a South-east Asian airline, an offload contract with a major engine original equipment manufacturer, as well as a five-year agreement with Air Cairo. The aerostructures and systems sub-unit of the commercial aerospace segment secured several passenger-to-freighter orders, including one from Confity Capital Partners, a Dubai-based global financial advisory and growth equity firm. ST Engineering noted that demand for nacelles and composite floor panels remained steady, supported by increasing new aircraft production. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Separately, the defence and public security segment won new orders across its business lines. For instance, the digital systems business was awarded contracts by Singapore's Ministry of Defence to provide a suite of mine countermeasure unmanned systems to detect and eliminate underwater mines. This includes a fleet of unmanned surface vessels and autonomous underwater vehicles. Meanwhile, the segment also scored contracts to implement data centre services, training and simulation, as well as develop and integrate command and control systems that are enabled by artificial intelligence, among other things. The cyber sub-segment secured new contracts for its advanced encryption products and the provision of cloud-based managed security services, and a cyber range for a customer in Asia. The land system business secured orders for ammunition as well as weapon MRO services, while the marine segment won various ship repair and maintenance contracts for commercial and naval ships. The defence aerospace business also won contracts to provide MRO services for international customers, including a North African air force. ST Engineering also won contracts to provide turnkey rail services for the Taichung MRT Blue Line, as well as its platform screen door solution for the Chennai Metro project and the Xidong Line in New Taipei City. Meanwhile, smart utilities and infrastructure contracts included integrated smart security management projects for implementation in Singapore. Satcom received ground infrastructure contracts for the government, defence and enterprise segments in the US, Europe and the Middle East. ST Engineering does not expect the contracts to have a material impact on the group's consolidated net tangible assets per share and earnings per share for the current financial year. Shares of the company closed 2.13 per cent or S$0.18 lower at S$8.27, before the announcement.
Business Upturn
30-06-2025
- Business
- Business Upturn
Air Cairo Sets New Benchmark for African Airlines: Enhances In-Flight Medical Safety with MedAire Partnership
Cairo, Egypt, June 30, 2025 (GLOBE NEWSWIRE) — Air Cairo, one of Egypt's leading airlines, has partnered strategically with MedAire, the global leader in aviation medical and security support, to enhance its in-flight medical capabilities and operational efficiencies. This partnership aligns with the Egyptian Ministry of Civil Aviation's vision to modernise and elevate safety and healthcare standards across the air transport sector. The agreement was formally signed by Captain Ahmed Shanan, Chairman and CEO of Air Cairo, and Reely Rajan, Director of Middle East, Africa, India, and Asia at MedAire, in the presence of Captain Amr El-Sharkawy, Chairman of the Egyptian Civil Aviation Authority. This collaboration underscores Air Cairo's commitment to adopting global best practices in aviation health and safety, ensuring the highest standards of passenger care. Under this strategic partnership, Air Cairo will implement MedAire's industry-leading MedLink service, providing flight crews with 24/7 real-time access to emergency physicians specialised in aviation medicine. Air Cairo crews will also benefit from offline access to MedAire's industry-first In-Flight App, designed to support medical decision-making without connectivity. These advanced medical services will be deployed fleet-wide across Air Cairo's Airbus A320-200, A320neo, E190 and ATR 72-600 aircraft, supporting key regional routes into the Middle East, Europe, and Africa. Captain Ahmed Shanan, Chairman and CEO of Air Cairo, commented: 'This partnership is a cornerstone of Air Cairo's integrated strategy to enhance aviation safety, reduce operational disruptions, and ensure our crews are fully prepared to manage medical events onboard. Our passengers' safety and comfort remain our highest priority, and MedAire's proven expertise will help us deliver on this commitment.' Air Cairo selected MedAire specifically for its extensive experience in managing complex in-flight medical scenarios and its robust Passenger Fit-to-Fly assessment capabilities. By leveraging MedAire's global infrastructure and medical expertise, Air Cairo aims to proactively manage pre-flight medical cases, reduce unnecessary delays, and ensure compliance with evolving international safety standards. Reely Rajan, Director of Middle East, Africa, India, and Asia at MedAire, stated: 'We are proud to partner with Air Cairo. As our first airline client in Africa, this collaboration sets a new benchmark for in-flight medical safety in the region. It demonstrates Air Cairo's forward-thinking approach to passenger care. Beyond supporting their current operations, our global infrastructure ensures Air Cairo is well-equipped to expand seamlessly into new markets in the future.' The new medical services will go live on all Air Cairo flights starting mid-July 2025. MedAire's comprehensive suite of solutions minimises diversion risks, enhances crew confidence during medical incidents, and strengthens pre-flight medical screening capabilities, ultimately improving operational efficiency and passenger experience. About Air Cairo Air Cairo is Egypt's premier regional airline and a vital part of the country's aviation sector. Established in 2003, the airline has grown into a key player in connecting Egypt to regional and international destinations across the Middle East, Africa, and Europe. Operating a modern fleet of Airbus A320 aircraft, the airline serves both scheduled and charter flights, playing a significant role in supporting Egypt's tourism industry and economic development. Air Cairo remains dedicated to its mission of providing seamless connectivity while contributing to Egypt's vision of becoming a regional aviation hub. About MedAire MedAire, an International SOS company, has been the preferred partner to the aviation industry since 1985. Today, MedAire is the aviation industry's proven leader for integrated travel health and aviation security solutions. Six of the world's largest business jet manufacturers (Boeing, Bombardier, Embraer, Gulfstream, Honda Jet and Textron Aviation) come standard with MedAire's service. Additionally, 180+ of the world's leading airlines and more than 6,800 private aircraft – including 75% of Fortune 100 Companies – trust MedAire for their travel health and security risk management needs. MedAire's integrated solutions include aviation security intelligence, real-time health and security advice and assistance, training, equipment, and professional services for crew and passengers in and beyond the cabin. MedAire handles thousands of calls annually to help crew and passengers manage medical and travel safety events in the air and on the ground with 24/7 access to emergency care doctors, nurses, and aviation security specialists. Attachments Executives Signing Partnership Agreement Signing Ceremony Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Associated Press
30-06-2025
- Business
- Associated Press
Air Cairo Sets New Benchmark for African Airlines: Enhances In-Flight Medical Safety with MedAire Partnership
Cairo, Egypt, June 30, 2025 (GLOBE NEWSWIRE) -- Air Cairo, one of Egypt's leading airlines, has partnered strategically with MedAire, the global leader in aviation medical and security support, to enhance its in-flight medical capabilities and operational efficiencies. This partnership aligns with the Egyptian Ministry of Civil Aviation's vision to modernise and elevate safety and healthcare standards across the air transport sector. The agreement was formally signed by Captain Ahmed Shanan, Chairman and CEO of Air Cairo, and Reely Rajan, Director of Middle East, Africa, India, and Asia at MedAire, in the presence of Captain Amr El-Sharkawy, Chairman of the Egyptian Civil Aviation Authority. This collaboration underscores Air Cairo's commitment to adopting global best practices in aviation health and safety, ensuring the highest standards of passenger care. Under this strategic partnership, Air Cairo will implement MedAire's industry-leading MedLink service, providing flight crews with 24/7 real-time access to emergency physicians specialised in aviation medicine. Air Cairo crews will also benefit from offline access to MedAire's industry-first In-Flight App, designed to support medical decision-making without connectivity. These advanced medical services will be deployed fleet-wide across Air Cairo's Airbus A320-200, A320neo, E190 and ATR 72-600 aircraft, supporting key regional routes into the Middle East, Europe, and Africa. Captain Ahmed Shanan, Chairman and CEO of Air Cairo, commented: 'This partnership is a cornerstone of Air Cairo's integrated strategy to enhance aviation safety, reduce operational disruptions, and ensure our crews are fully prepared to manage medical events onboard. Our passengers' safety and comfort remain our highest priority, and MedAire's proven expertise will help us deliver on this commitment.' Air Cairo selected MedAire specifically for its extensive experience in managing complex in-flight medical scenarios and its robust Passenger Fit-to-Fly assessment capabilities. By leveraging MedAire's global infrastructure and medical expertise, Air Cairo aims to proactively manage pre-flight medical cases, reduce unnecessary delays, and ensure compliance with evolving international safety standards. Reely Rajan, Director of Middle East, Africa, India, and Asia at MedAire, stated: 'We are proud to partner with Air Cairo. As our first airline client in Africa, this collaboration sets a new benchmark for in-flight medical safety in the region. It demonstrates Air Cairo's forward-thinking approach to passenger care. Beyond supporting their current operations, our global infrastructure ensures Air Cairo is well-equipped to expand seamlessly into new markets in the future.' The new medical services will go live on all Air Cairo flights starting mid-July 2025. MedAire's comprehensive suite of solutions minimises diversion risks, enhances crew confidence during medical incidents, and strengthens pre-flight medical screening capabilities, ultimately improving operational efficiency and passenger experience. About Air Cairo Air Cairo is Egypt's premier regional airline and a vital part of the country's aviation sector. Established in 2003, the airline has grown into a key player in connecting Egypt to regional and international destinations across the Middle East, Africa, and Europe. Operating a modern fleet of Airbus A320 aircraft, the airline serves both scheduled and charter flights, playing a significant role in supporting Egypt's tourism industry and economic development. Air Cairo remains dedicated to its mission of providing seamless connectivity while contributing to Egypt's vision of becoming a regional aviation hub. About MedAire MedAire, an International SOS company, has been the preferred partner to the aviation industry since 1985. Today, MedAire is the aviation industry's proven leader for integrated travel health and aviation security solutions. Six of the world's largest business jet manufacturers (Boeing, Bombardier, Embraer, Gulfstream, Honda Jet and Textron Aviation) come standard with MedAire's service. Additionally, 180+ of the world's leading airlines and more than 6,800 private aircraft - including 75% of Fortune 100 Companies - trust MedAire for their travel health and security risk management needs. MedAire's integrated solutions include aviation security intelligence, real-time health and security advice and assistance, training, equipment, and professional services for crew and passengers in and beyond the cabin. MedAire handles thousands of calls annually to help crew and passengers manage medical and travel safety events in the air and on the ground with 24/7 access to emergency care doctors, nurses, and aviation security specialists. Attachments Chris Potter MedAire 1-480-333-3762 [email protected]
Egypt Independent
18-06-2025
- Business
- Egypt Independent
PM: Egypt-Serbia talks focused on enhancing economic, trade cooperation
Prime Minister Mostafa Madbouly welcomed his Serbian counterpart Djuro Macut on his first official visit to Egypt, saying the visit is highly appreciated by Egypt and marks a milestone in the long-standing and growing relationship between the two countries. Madbouly said that this visit constitutes the Serbian premier's first official foreign trip since taking office, underscoring the high importance Egypt attaches to it as a significant step in the ties between the two countries. Madbouly made these remarks during a joint press conference with his Serbian counterpart on Tuesday, June 17, 2025, at the government premises in the New Administrative Capital, in the presence of several ministers from both sides. Madbouly said that a constructive bilateral session had been convened in a spirit of mutual understanding and openness, during which an array of high-priority matters pertaining to bilateral cooperation, as well as prevailing regional challenges, were thoroughly addressed. He noted that the discussions had primarily centered on enhancing economic and trade relations, particularly in light of the Free Trade Agreement signed during the Serbian president's visit to Cairo in July 2024, and subsequently ratified by the parliaments of the two countries. Madbouly expressed his hope that the agreement's entry into force would help stimulate further growth in trade and industrial cooperation between the two countries. He also underscored the significance of convening the Egyptian-Serbian Business Forum, describing it as a valuable platform to encourage both countries' business communities to expand collaboration across diverse sectors. Madbouly noted that the talks also addressed cooperation in the fields of agriculture and food security, particularly in light of the ongoing global challenges facing this sector. He stressed the importance of enhancing bilateral exports in this vital domain, highlighting Serbia's considerable potential in agricultural production and agri-industrial processing. He added that the ministers of agriculture from both sides have been instructed to accord this file particular attention and to actively pursue areas of mutual benefit. He further noted that the joint business forum would serve as a platform to explore a wide range of investment opportunities Egypt offers, particularly within the Suez Canal Economic Zone and in the fields of new and renewable energy, including green hydrogen, as well as an array of incentives available to attract Serbian companies to invest in Egypt. Madbouly said Egypt and Serbia agreed to boost tourism and cultural cooperation, including expanding flights via Air Serbia, EgyptAir, and Air Cairo, following a recent visit by Egypt's tourism minister to Belgrade. Speaking after extended talks with his Serbian counterpart, Madbouly reiterated both countries' support for peaceful solutions in the Middle East, respect for sovereignty, and an immediate ceasefire in ongoing regional conflicts. He warned that further escalation risks broader violence and regional collapse. Madbouly reaffirmed Egypt's position on the Palestinian issue, calling for a two-state solution based on the establishment of a Palestinian state on the 1967 borders with East Jerusalem as the capital. He praised Serbia's recent UN vote supporting full Palestinian membership. Talks also touched on developments in the Western Balkans, with Egypt expressing full support for Serbia's territorial integrity and its participation in the Open Balkan initiative. Both sides agreed to continue coordination in international forums, with Madbouly thanking Serbia for backing Egypt's candidate for the post of UNESCO director-general.
Travel Daily News
10-06-2025
- Business
- Travel Daily News
KlasJet signs ACMI agreement with Air Cairo
KlasJet partners with Air Cairo to operate summer charter flights from Milan and Sharjah to Cairo, supporting Egypt's growing tourism demand. KlasJet, an exclusive private and corporate jet charter company that is part of the world's largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, Avia Solutions Group, has signed an agreement with Air Cairo to provide chartered flights this summer. The agreement sees KlasJet operate charter flights for Air Cairo taking holidaymakers from Milan (Italy) and Sharjah (UAE) to Cairo (Egypt). The contract started on 30th May 2025 and will run until 31st October. Air Cairo was founded in 2003 and is partly owned by EgyptAir, Egypt's state-owned national airline. The carrier currently operates more than 30 aircraft, mostly A320s, and its main business focus is charter flights from Europe to Egypt's most popular holiday destinations. KlasJet became the very first ACMI provider based in an EASA-regulated country working with Air Cairo. Despite the differences in procedures and regulations, KlasJet secured a three-day turnaround from signing the agreement to the ferry flight to Cairo on May 30th. 'We have been able to get alignment on all operational and crew-related topics thanks to the flexible and proactive approach of our team – who flew out to Cairo to ensure everything progressed smoothly – and the strong commitment on both sides to clear communication and a partnership-based approach,' said Vytautas Mikuckas, Head of Wet Lease Department at KlasJet. The partnership between Air Cairo and KlasJet is helping meet an upsurge in tourism, a sector that is vital to Egypt. In the period from July to September last year, tourism revenue hit $4.8 billion, a significant uplift for Africa's second-largest economy. 'We are delighted to be partnering with KlasJet for these charters, and we know they will offer tourists to Egypt an excellent experience that will add to the overall enjoyment of their stay here,' stated Air Cairo's executive.
