Egypt to guarantee funding for national carrier Egyptair
- Date: 30-Sep-2020
- Source: Ahram
- Sector:Financial Markets
- Country:Egypt
Egypt to guarantee funding for national carrier Egyptair
Egypt's finance ministry will guarantee long-term financing of 3 billion Egyptian pounds ($191 million) from the central bank for national carrier EgyptAir, according to a law issued by the presidency, state news agency MENA said on Tuesday.
The presidency issued a separate law allowing the finance ministry to guarantee a 1 billion pound central bank loan for the Egyptian Holding Company for Airports and Air Navigation, the report said.
($1 = 15.7100 Egyptian pounds)
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