EgyptAir Cargo apparently sent its first cargo flight to Moscow in two years on 29 November, the company said in a statement. EgyptAir Cargo plans on sending twice-weekly flights to the Russian capital until the end of February 2018, according to the statement. The company has been in talks with Russia to resume cargo flights since the 2015 Metrojet plane crash, Chairman Bassem Gohar tells Al Mal. EgyptAir Cargo’s negotiations were separate from the Civil Aviation Ministry’s efforts to bring back tourist flights. The resumption of cargo flights came two weeks before Egypt and Russia signed a civil aviation security cooperation protocol that would allow direct flights between Moscow and Cairo to resume as of February.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…