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EGYPT: Smart Aviation Negotiates USD 12mn Loan With Local Banks

0700Z 05Oct26

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

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