MEA chairman Mohammad Hout speaks during an interview with The Daily Star in Beirut, Thursday, Feb. 5, 2015. (The Daily Star/Hasan Shaaban)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Middle East Airlines has maintained its profits and good results in 2014 despite the difficult conditions in the country and the regional tension, the chairman of the national carrier said Thursday.Hout took the helm of MEA, which is almost wholly owned by the Central Bank, in 1998 .Hout said MEA had to cope with an 8-percent decline in the number of passengers at the airport in the first three months of 2014 .The chairman noted that the profits achieved by MEA did not dissuade it from pursuing the restructuring program that he started more than 10 years ago.Apart from the airline, MEA has three subsidiaries: Middle East Airlines Ground Handling, Middle East Airports Services and Mideast Aircraft Services Company.Hout said MEA currently has a fleet of 17 planes and 170 pilots, noting that this ratio is very acceptable.Apart from the aviation training center, MEA will soon also inaugurate a $20 million cargo center to serve the national carrier and most other airlines arriving at the airport.
Dollar demand ‘nothing unusual’, Lebanese bankers say
Lebanon to pay top yield on new Eurobonds
S&P: Lebanon FX reserves enough for a year
FOLLOW THIS ARTICLE