Subscribe Free
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).

Parent firm Air Arabia did not respond to a request for comment.

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
Advertisement
Latest News

How technology is making aviation safer

Kevin Riordan, head of airports & checkpoint solutions at Smiths Detection, talks about the various technologies that will dominate airport security over the next decade and the impact they are likely to have on the overall customer

Oman Air CEO comments on impact of Boeing 737 MAXs grounding of the airline

Abdulaziz Al Raisi, chief executive officer of Oman Air, has said that the grounding of the 737 MAXs has had a major financial impact on Oman Air.

Etihad Airways celebrates 15 years of service to Germany

The airline launched daily flights between Abu Dhabi and Munich in June 2004. Munich and the Swiss city of Geneva both received their first Etihad flights in that month, making them the first two destinations served by the airline in

Emirates introduces its First-Class cabin in Durban

Emirates has introduced its First-Class cabin in Durban, in conjunction with the airline’s seasonal frequency increase of four additional flights a week, bringing the airline’s award-winning, luxury travel experience to the

Oman Air cabin crew in brand new style uniform

Oman Air cabin crew will step out in their brand new Oman Air uniforms this week.

Etihad Airways introduces new Boeing 787-10 Dreamliner on Rome route

Etihad Airways has introduced its newest aircraft type, the Boeing 787-10 Dreamliner, on daily services to Rome.

ACCA19_SK0201080919
See us at
DIAC19_BT264161119ACCA19_BT_2404091019