Chief Executive Officer of Nile Air Ahmed Ali said that the company’s growth rate has reached 32 percent and the regularity of its flights is 92 percent. He added that the company has not raised the prices of domestic flights after the decision by Egypt’s Central Bank last year to devaluate the local currency. Since its establishment in 2006, Nile Air has intended to put 30 percent of its shares on the stock exchange. Ali went on to say that Nile Air recently inagurated a training academy for the airline which will contribute to developing education in the aviation sector. Nile Air was established in 2006 and started operations as an Egyptian airline in 2010.

Source: Egypt Independent November 29, 2017 12:22 UTC