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Monday, 17 October 2016

Lufthansa not exiting Egyptian market

Lufthansa will continue operating in Egypt “even in the most dire circumstances,” said Soren Stark, a member of the airline’s executive board who spoke at a Lufthansa event at Cairo International Airport attended by German Ambassador to Cairo Julius Georg Luy, Al Mal reports. The airline is committed to Egypt despite ongoing problems with repatriating funds, added Luy. The reassurances come following statements made last month by Lufthansa country sales manager Zied Gueblaoui that the carrier was considering an exit strategy or selling tickets in Egypt in USD or by credit card. Lufthansa been unable to get as much as EUR 15 mn out of Egypt since January. KLM Royal Dutch Airlines announced earlier this fall that it will indefinitely suspend flights to Cairo starting 8 January.

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