FlyEgypt (FT, Cairo International) has terminated flight operations and attempted to go into liquidation only to be thwarted by the Egyptian Civil Aviation Authority (ECAA), local media have reported.
Various reports indicate the ECAA refused the privately-owned airline's request to surrender its operating licence and have its aircraft removed from the Egyptian register citing outstanding financial obligations to both local and international creditors. Aside from leasing dues, the ECAA said FlyEgypt has debts to among others tour operators in Germany and Italy. Locally, it owes Egypt’s National Air Navigation Services Company, various Egyptian airports, and its employee social security back payments.
According to the ch-aviation fleets module, FlyEgypt's only remaining in-house aircraft, B737-800 SU-TMN (msn 32692) on lease from AerCap, has been undergoing maintenance at Cairo International since September 20 when it arrived there following a flight in from Jeddah International. The carrier had also relied extensively on wet-leased capacity.
FlyEgypt was not immediately available for comment.
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