in Business & Finance

Air Arabia's Egyptian unit disposes of $3.3mn of equity

Posted 23 October 2017 · Add Comment

Air Arabia disposed of 590,000 shares to an unspecified party/parties a filing with the Egyptian Stock Exchange (ESX) on October 11, reports ch-aviation.

The transaction was valued at EGP59 million Egyptian pounds (USD3.347 million).

It is recalled that in November last year, Travco Group, one of Egypt's largest travel and hospitality groups, disposed of its 51% stake in Air Arabia Egypt as part of a larger bid to divest itself of non-core assets.

* required field

Post a comment

Other Stories
Latest News

Air Mauritius starts operations to Wuhan, China

The Wuhan route will be served by an Airbus A340 in a 34 business class and 264 economy class configuration.

ExecuJet welcomes first Pilatus PC-24 to Africa

ExecuJet, part of the Luxaviation Group, will be the first business aviation company to operate and manage a Pilatus PC-24 Super Versatile Jet in Africa.

Why Africa looks booked to succeed

For many years, Africa has been talked of as a continent of great potential in commercial aviation. That potential has never really materialised. As Alan Dron reports, the authors of a new book believe that, at last, things are about to

First ACJ320neo is assembled

The first ACJ320neo has been assembled on programme, fitted with CFM International LEAP-1A engines and painted in ACJ house-colours, in preparation for a first flight in the coming weeks.

Support our industry call from new ACI boss

Bongani Maseko, new chairman of the Airports Council International (ACI), believes that, despite challenges, African aviation is becoming a strong contributor to global economic growth.

Rwanda Civil Aviation Authority recognises IATA's Airline Safety Audit Programme

Kigali The International Air Transport Association (IATA) and the Rwanda Civil Aviation Authority (CAA) signed an MoU to partner for the improvement of aviation safety.

TAA SK0902311218
See us at
MarrakechAirshow BT2507241018GroundHandling BT2205130918AAD2018 BTAviationAfrica_BT0607280219AirCargoAFA_BT220318210219