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Wednesday, 26 October 2016

Tickets on EgyptAir flights that never touch down in Egypt will cost you 10-20% extra

Buying a Paris-New York flight on EgyptAir? It’s going to cost you extra if you buy it in Egypt. The local press is awash in reports that EgyptAir has increased by 10-20% the price of tickets purchased in Egypt for flights originating outside the country and not landing here. The move is an attempt to end the practice of individuals buying tickets in EGP and selling them abroad for hard currency. (Folks, we’re brilliant. If there’s a way to skirt a rule, we’ll find it.) Youm7 has the story in English, Ahram Online in Arabic. Officials from EgyptAir also refuted reports which we noted on Monday that it is repricing its tickets using a rate higher than the official USD:EGP benchmark set by the CBE. Prices are based on market conditions and destinations and not on an exchange rate, said the official, according to Al Borsa.

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