AlMasria Universal Airlines (Arabic: المصرية العالمية للطيران; also known as AlMasria Airlines) is an Egyptian private airline based in Egypt. The airline operates scheduled and charter services from Egypt. 'AlMasria' is derived from the Arabic word for 'Egyptian'. Plans for AlMasria Universal Airlines were announced in 2008 and the airline launched operations in June 2009. In an interview in April 2009 the appointed company president and CEO, Hassan Aziz stated that the airline would launch operations in 2009 to take advantage of low prices during the global financial crisis to tap demand for air travel in the most populous Arab country. The first aircraft arrived in Egypt in April 2009 and the second one in August 2009. Both aircraft are leased from BOC Aviation. The airline's CEO stated the plans call for a further 3 A320 will join during the first year of operation. An eventual fleet of 10 aircraft is planned by 2014. "We aim to dry-lease the first aircraft for the first three years", says Aziz. "After five years we aim to buy aircraft from Airbus by 2014. We don't want to load the balance sheet by buying $250 million in assets at the start." More information...
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