Chief Executive Officer of Nile Air Ahmed Ali said that the company’s growth rate has reached 32 percent and the regularity of its flights is 92 percent.
He added that the company has not raised the prices of domestic flights after the decision by Egypt’s Central Bank last year to devaluate the local currency. Prices have only increased on international flights, he clarified.
During a press conference held in Sharm el-Sheikh on the occasion of the company’s purchase of a new Airbus A320-200 aircraft and announcing the company’s future plan for strengthening domestic and foreign tourism, Ali said that the company organizes 500 flights per month to 7 countries, Saudi Arabia being the main one.
To encourage investment in Egypt, one of its airplanes has been decorated with the Egyptian flag accompanied by the words “Invest in Egypt,” he said.
He also noted that the company is also currently seeking to open new routes to the African continent, motivated by the national orientation towards Africa, pointing out that flights are currently being operated to Port Sudan.
He pointed out that the company will honor the families of the martyrs of Friday’s terrorist attack in North Sinai, which killed 310 people, without specifying how.
Since its establishment in 2006, Nile Air has intended to put 30 percent of its shares on the stock exchange. It plans to follow through on the intention next year, which would mean that the company would become the first private sector airline in Egypt to be listed on the stock exchange.
Ali went on to say that Nile Air recently inagurated a training academy for the airline which will contribute to developing education in the aviation sector.
Nile Air was established in 2006 and started operations as an Egyptian airline in 2010.
Edited translation from al-Masry al-Youm
