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# EGYPT: Smart Aviation Negotiates USD 12mn Loan With Local Banks
- URL: https://insideaviation.news/egypt-smart-aviation-negotiates-usd-12mn-loan-with-local-banks/
- Published: 2026-10-05T07:00:05.000Z
- Updated: 2026-10-05T07:00:05.000Z
- Author: Inside Aviation News
- Tags: Egypt, Smart Aviation, Gulfstream, Cessna, National Bank of Egypt, Banque Misr, Used Aircraft Transactions, Aircraft Orders, Finance

CAIRO, Egypt

- Egypt's Smart Aviation is negotiating with local banks including National Bank of Egypt and Banque Misr for USD 12 million in credit facilities.
- Smart Aviation specializes in private jet as well as medevac charters, Founded in 2007, it counts Egyptair Holding as a 10% shareholder.
- Funds target purchase of one new Gulfstream jet in 2027.
- Carrier plans to add two new aircraft next year through mix of bank financing and own resources.
- Chief executive Mohamed Hamed confirmed the dual-purchase strategy supports service diversification.
- Cessna purchase originally valued at USD 6 million to 7 million postponed to 2026 due to shortage of specialist pilots after three retirements.
- Current fleet includes four Cessna C680 Sovereigns and a Gulfstream G450\. Four aircraft are offered for private charters and medevac flights while a fifth is dedicated to VIP flights.

**Sources:**

- [AlMasryAlYoum](https://www.almasryalyoum.com/news/details/4374313?ref=insideaviation.news)