Business Services Industry
EGYPT: FIVE PRIVATE AVIATION AGENCIES ESTABLISHED.
IPR Strategic Business Information Database, December, 2005
The Civil Aviation Authority approved the establishment of five new civil aviation agencies from among 14 applicants. Mr. Samir Abdel Maaboud, Civil Aviation Authority chairman, said that the approval was based on deliberate study and assessment of the five offers, especially with regard to security and safety criteria as well as operating efficiency.
Three of agencies are completely Egyptian capital, while the other two are Italian and joint Egyptian-Arab, he said, noting that all tenders were interested in charter business. Establishing scheduled flights agencies, however, requires that Egypt has more than 60 percent of the total share capital.
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