MEA has gone from losing tens of millions of dollars a year (and being called Missed Every Appointment), to upgrading its fleet and churning up profits of between forty and fifty million dollars a year.
Now if that is not a miracle, please tell me what is! According to an article by Reuters, which was brought to my attention by Tayyar.org, the next step is going to be floatation of 10 - 20 percent of MEA's stocks on the Beirut Stock Exchange. Bravo MEA! Bravo Mohammed Hout!
Yalla, when are we going to start reading about another such success story?
Tuesday, December 06, 2005
Lebanese Given the Chance to Succeed Usually Do!
When Lebanese are given the chance to succeed, they usually do. The Middle East Airlines (MEA) is an example of what can happen when politicians decide to allow business principles and market forces to rule the day rather than political shenanigans.