EgyptAir is looking into 25 offers from global financing institutions for the planned overhaul of its fleet, EgyptAir Holding chairman Safwat Mosallam told Al Borsa. According to Mosallam, the company will complete its review of the offers and decide on the framework for the fleet update by mid-July.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…