Egypt's aviation minister says airlines have begun applying a tax increase on all flights out of the country.
The tax increase, which went into effect on Friday, is part of President Abdel-Fattah el-Sissi's plan to shore up public finances after years of unrest following the 2011 uprising.
Aviation Minister Hossam Kamal says in a statement that the tax on business class tickets increased by a third to reach 400 Egyptian pounds (US$51), while the tax on coach tickets increased by half to reach 150 Egyptian pounds (US$19).
In an opinion piece published in The Wall Street Journal last week, el-Sissi said he intends to introduce a value-added tax regime to boost revenues. The former general has staked his legitimacy on stabilizing the country and reviving the economy.
While the geopolitical situation contributed to economic uncertainty in Q1, market fundamentals remained healthy. The quarter showed strong demand for business aviation, reflected in increasing aircra...
Air passenger rights in Europe are at a critical crossroads. On June 2, the European Union’s Conciliation Committee will meet for a final round of negotiations on the revision of the European re...
Kansai International airport (KIX) reaches new milestone in its development with the inauguration of the completed international trade zone. This completion marks the conclusion of the extensive renov...
Cirrus launched Let’s Go Fly!, a first-of-its-kind app created for Apple Vision Pro that delivers an immersive introduction to Personal Aviation—the freedom, convenience and acce...