Airlines
Egypt to sell stake in airline
March 2006 128
EGYPT is preparing to offer 20 per cent of state-owned airline Egypt Air to the public, in the latest big-ticket privatisation in the government’s drive to sell off state assets.
“The shares will be offered as soon as the study is complete,” Civil Aviation Minister Ahmed Shafiq said, in comments reported by the official Middle East News Agency.
The remaining 80 per cent of Egypt Air Holding Company will stay in government hands to ensure loans for new planes would still get state backing, he said. The minister did not give a timeframe for the sale or give any indication of a value for the carrier.
Similar Stories
- Royal Jet flying high
- Class apart
- In brief
- In brief
- ADIA passes ICAO security audit
- Emirates places giant order
- Dubai Air Show flies high with $100bn orders
- Gulf well placed to avoid airport infrastructure crisis: expert
- Airport projects worth $60 billion under way
- In brief
- BMI to launch new London-Cairo route
- KAC to sell stake
- Sweet dreams as 787 unveiled
- Emirates to buy 100 new planes
- 30 new A320s for Jazeera
- Private Indian carriers may soon launch GCC flights
- UAE’s ATC movements set to post two-fold growth by 2013
- DCA’s Airline Services take off online
- Emirates may renew SriLankan contract
- In brief
- Airbus signs Qatar order for 80 A350 planes
- In brief
- $60bn being spent on regional airport projects
- Emirates orders more A380s
- Emirates Holidays offers 120 holiday spots
- Qatar Airways eyes Latin America
- Traffic up at Oman’s airports
- Bahrain vows profitable Gulf Air
- Jazeera posts Y1 profit, mulls Airbus option
- Royal Jordanian formally part of Oneworld
- Air Asia mulls Bahrain hub
- Together, in the skies
- In Brief
- Lufthansa launches European holiday deals
- Austrian Airlines set to launch new Iraq route
- Qatar to lease six narrow-body Airbus
- India likely to accept more UAE flights
- Etihad Eid deals proving to be a hit with travellers
- Etihad launches ‘revolutionary’ loyalty plan
- Liberalisation to aid recovery: IATA chief
- Emirates denies considering A-380 cancellation
- Swiss closes out successful summer
- Mideast states ‘must reform aviation to reach targets’
- RAK Airways to start off operations with two aircraft
- Mideast airlines profit to hit $1bn
- In Brief
- Jazeera doubles growth in 10 months
- Loyalty schemes disappoint: study
- NAS gears up to launch low-cost service
- Qatar Airways offers onboard satellite TV
- Mideast aviation to continue booming
- In Brief
- Emirates seeks stronger Asia network
- Mobile phone 'can be used in planes soon'
- E-ticketing goes global with GF
- Gulf carriers face skilled HR shortage
- A plastic future
- Etihad to fly New York non-stop
- Plane war at Farnborough
- Boeing projects $2.6trn market
- In Brief
- In Brief
- Qatar to begin US flights this year
- Open skies generate jobs, wealth
- Jazeera connects Kuwait to Mumbai, Delhi to India for KD10
- Gulf Air picks Sabre IET hub
- Etihad in major regional expansion plan
- Emirates has ‘no intention’ of buying BA
- Air Arabia launches new reservation system
- IATA: Airlines to lose $3bn this year
- Airbus A380 lands at Heathrow
- Gulf Air reports strong growth
- Premium terminal for Qatar Air
- United launches Kuwait route
- Emirates: ‘No zero commission’
- SriLankan wants Emirates deal extended
- Internet takes Etihad further
- Emirates set new profit record
- In Brief
- Air France first to offer in-flight mobiles
- Inflight internet is ‘must have amenity’
- More regional airlines wing it without paper
- Emirates offers MontBlanc
- Emirates kicks off $195m FIFA deal
- Austrian to connect Jeddah, Bahrain
- BA and bmi offer new travel options
- Etihad may invest in other airlines
- In Brief
- Jazeera to fly to Alexandria, Luxor
- Lufthansa Q1 passengers up
- Jordan to sell off airline
- Boeing to expand 787 family
- Jazeera frees Aleppo
- Qatar Airways unveils new look, lounge
- 6pc growth for Indian from Bahrain
- Packaged to Hong Kong
- Information transparency for Etihad Cargo
- Yemenia Airways to acquire six Airbus A350
- Virgin Nigeria links West Africa to Dubai
- Emirates flies further with 90 aircraft
Digital Edition
