Nile Air pending approval to launch new flights to African and Middle Eastern cities

Nile Air is planning to launch new flight routes between Egypt and other cities in Africa and the Middle East, CEO Ahmed Ali tells Al Mal. The charter airline is waiting for approval from different airports to begin mapping out flights. We noted this week that Nile Air’s IPO plans were back on, with the company planning to list up to 30% of its shares on the EGX by the end of 2018, in a transaction that EFG Hermes had reportedly been tapped to manage. Nile Air is also planning to add two new Airbus-321s to its fleet by 2020.