Egyptian charter provider Spot Air is planning to acquire midsize business jets next year to support burgeoning demand for private jet flights to and from North Africa, the Middle East, the CIS and Europe.
"The prices of used aircraft are low at the moment, so it is a good time to buy," he adds. The hefty financial outlay for the aircraft purchase will be split between Spot Air and a private owner or business. "There is a lot of demand for this type of model," Koura says. "But we only plan to buy four aircraft in total."
The Cairo-based company has an Egyptian aircraft operator's certificate and will begin operations under the EU Air banner next year.
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