By Mohamed Attia
Egypt’s Civil Aviation Authority has rejected FlyEgypt’s request to shut down and liquidate the company, insisting that the airline must first settle all its outstanding debts both domestically and internationally.
FlyEgypt, a private Egyptian airline, had applied to the authority to cease operations and revoke its license after deregistering its last aircraft from the Egyptian civil aviation registry. However, the aviation authority refused the request, citing legal obligations that require the company to clear its financial liabilities before liquidation.
The airline’s international debts include contractual obligations with tour operators in countries such as Germany and Italy, along with outstanding payments to aircraft leasing companies. Domestically, FlyEgypt owes debts to Egypt’s National Air Navigation Services Company, various Egyptian airports, and its employees’ entitlements.
The Civil Aviation Authority emphasised that liquidation procedures could not proceed until all financial commitments are fulfilled in accordance with national and international regulations.
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