Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, emphasized during the general assembly meeting of Petroleum Air Services (PAS) the great importance the ministry attaches to training technical staff and pilots to the highest international standards. He thanked the company’s board of directors and all employees, praising the distinguished performance achieved last year, which included fleet modernization, fulfillment of contracts, and an increase in net profit.
He stressed the need to continue prioritizing worker and operational safety, confirming the ministry’s full support for the company’s expansion plans, with continuous coordination with relevant ministries and exploration of promising opportunities to diversify income sources and maximize the use of company assets.
Major General Pilot Ihab Abdel-Maqsoud, Chairman of PAS, presented the company’s 2025 results, affirming its continued role as a leading national company providing specialized air transport services to support the petroleum and mineral resources sector, as well as domestic and international air transport services supporting tourism and investment sectors.
The company’s fleet totals 39 aircraft: 31 helicopters and 8 fixed-wing planes, with ongoing modernization through new Agusta AW169 aircraft, scheduled to join the fleet starting March 2027.
In helicopter operations, PAS successfully executed petroleum sector flights in 2025 to transport crews and equipment to onshore and offshore sites and platforms under active contracts with a 100% completion rate, in addition to 21 medical evacuation flights performed in record times.
The company extended its contract with Libya’s Fly Oya to operate three AW139 helicopters for Mellitah Oil & Gas and Italy’s Eni in Libya and Malta, and leased an additional Bell 412 helicopter for two years. PAS also successfully completed operations in Nigeria on June 30, 2025, in cooperation with Bristow for Chevron, after three consecutive years of work.
In fixed-wing operations, PAS continued petroleum sector flights under current contracts, alongside international and regional flights to Beirut, Montenegro, Jeddah, Aqaba, and 112 Umrah flights (Cairo/Jeddah/Cairo), as well as flights for Petrojet to Neom, Saudi Arabia.
On maintenance and overhaul, PAS continues as an accredited center by the Egyptian Civil Aviation Authority and Leonardo (Italy), providing maintenance services for its fleet and third parties. It renewed accreditation from Saudi Arabia’s GACA for aircraft maintenance. Maintenance is carried out through 8 integrated sites and 15 workshops at Cairo Airport, reducing costs and ensuring aircraft readiness. PAS also provided repair services for EgyptAir, Air Cairo, Fly Egypt, Smart Aviation, and Nesma Airlines.
The company established Egypt’s first helicopter pilot training academy in cooperation with the Egyptian Aviation Academy, after obtaining necessary approvals. It set up a full training center, acquired a modern simulator, and trained its instructors internationally. The first helicopter pilot training program launched in October 2025, with the first graduating class expected in July 2026.
In technical training, PAS obtained accreditation to provide aircraft maintenance training for its staff and external clients, reducing training costs and generating additional revenue.
The fleet logged around 36,000 flight hours in 2025, compared to 31,000 hours in 2024, a 15.7% increase, transporting nearly 750,000 passengers.
Financial indicators: issued and fully paid capital rose to 200 million USD (up from 100 million USD). Total revenues reached 161.3 million USD (vs. 147.5 million USD in 2024), with net profit before tax at 45.9 million USD (vs. 40.7 million USD the previous year).
On occupational safety, health, and environment, PAS achieved a “zero accidents” record, with 4 million safe working hours and no incidents or fatalities. Training totaled 13,245 hours for 1,500 trainees.
In line with international aviation standards, PAS joined ICAO’s CORSIA program for carbon emission reduction and offsetting in international flights, committing to reduce fuel consumption by at least 2% annually and not exceed maximum emission limits under the program requirements.