Mohamed Attia
Captain Khaled Refaat, Chairman of Sharm Air for Tourism and Aerial Advertising, praised recent measures taken by Minister of Civil Aviation Sameh El-Hefny to improve the investment climate in Egypt’s aviation sector.
His remarks came after a meeting between the minister and airline leaders to discuss Decision No. 333 of 2026, which introduces updates to the regulatory and legislative framework governing airlines under the Egyptian Civil Aviation Authority.
Refaat said the decision supports both existing and emerging airlines, aiming to create fair competition, simplify procedures, and remove obstacles facing investors. He added that these steps will help strengthen the national economy.
He has made it clear that the decision includes several key reforms, such as raising the age limit for aircraft eligible for registration in Egypt, reducing capital requirements for aviation companies, and simplifying license renewal procedures. It also allows for the merger and creation of new activities to improve the overall business environment in the sector.
Refaat noted that these measures will encourage greater private sector participation and enhance Egypt’s ability to localise the aviation industry, describing it as a key driver of economic growth.
He also highlighted that private investment is becoming an essential partner alongside the state in developing the aviation sector, contributing to its expansion through specialized companies, in line with global practices.
