Egyptian tourism group Travco is preparing to launch a new private airline with an estimated investment of $150 million, according to local reports. The carrier is expected to begin operations in November, pending regulatory approvals that are due to be completed by August.
The planned airline will start with three Airbus aircraft configured for between 180 and 220 passengers, and Travco aims to add a fourth plane within the first year of service. The operation is expected to focus on charter flights linking European markets with Egypt’s resort destinations, including Sharm El Sheikh, Marsa Alam and Marsa Matrouh.
The launch comes as Egyptian tourism operators seek to strengthen direct access to the country’s coastal destinations. However, the timetable could still shift if regional conditions worsen, according to reports.