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MEA With No Losses In 2002!

Sat Oct 05, 2002 12:08 am

Good news from Lebanon!

Source: Al Jazeera Website (Arabic)
Following some abstracts:

According to M.Hout (CEO and President of MEA) the company will for the first time in 26 years- not write any losses in its core operation business this year.

The improvement in the balance sheet is mainly attributed to the reducing of staff and to the increase in the tourist business from/to Lebanon.

MEA will receive 8 more Airbuses till next summer. The purchase of the new A321 was made possible due to price reductions after sep. 11th.



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