Last Update 18:49
Monday, 26 October 2020

Egypt to guarantee funding for national carrier Egyptair

Reuters , Tuesday 29 Sep 2020
Views: 1475
Views: 1475

Egypt’s finance ministry will guarantee long-term financing of 3 billion Egyptian pounds ($191 million) from the central bank for national carrier EgyptAir, according to a law issued by the presidency, state news agency MENA said on Tuesday.

The presidency issued a separate law allowing the finance ministry to guarantee a 1 billion pound central bank loan for the Egyptian Holding Company for Airports and Air Navigation, the report said.

($1 = 15.7100 Egyptian pounds)

Search Keywords:
Short link:



© 2010 Ahram Online.