Back to the complete issue
Sunday, 28 August 2016

WSJ says European airlines looking to resume service to Sharm

“Sharm El Sheikh Edges Back Into the Tourism Picture” –WSJ. The Wall Street Journal uses budget airline Germania’s decision to resume flights on 31 October — one year to the day from the downing of Metrojet flight 9268 over the Sinai — to argue that “Tourism from Europe to Egypt is poised to gain pace again more.” The story notes that Moscow is edging toward allowing flights to Egypt to resume, and quoted a UK government spokesman as saying the British are “continuing to work with the Egyptian authorities to address safety issues with the goal of resuming service ‘as soon as possible.’”

Speaking of Russia resuming flights: A delegation of Russian aviation specialists is expected to arrive tomorrow to test airport security, according to an unnamed source in Russia’s aviation authority, Russian state news agency TASS reported. The Egyptian government is also reportedly ready to dedicate airport terminals to Russian arrivals, an Egyptian embassy official in Moscow told Rossiya 24 television on Friday, TASS reported. Russian officials have yet to confirm they intend to lift the ban, Tourism Minister Yehia Rashed told Al Shorouk, optimistically adding he is “confident” that Egypt could climb back up to 10 mn tourist arrivals per year by the end of 2017. Some 14.7 mn tourists visited Egypt in 2010, the peak year for the industry.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.