{"id":17725,"date":"2024-10-15T11:54:44","date_gmt":"2024-10-15T08:54:44","guid":{"rendered":"https:\/\/aviation-news.info\/?p=17725"},"modified":"2024-10-15T11:54:44","modified_gmt":"2024-10-15T08:54:44","slug":"egypts-smart-aviation-seeks-20mn-loan-for-new-aircraft","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=17725","title":{"rendered":"Egypt&#8217;s Smart Aviation seeks $20mn loan for new aircraft"},"content":{"rendered":"<p>Egyptian charter carrier Smart Aviation (SME, Cairo International) is negotiating with CIAF Leasing &#8211; Air Operation to secure part of a USD20 million loan for purchasing a longer-range passenger aircraft. The type of aircraft was not disclosed.<br \/>\nTo manage financial obligations, Smart Aviation plans to sell an undisclosed aircraft for USD4 million to cover accumulated interest on a USD33 million bank loan, which it has now scheduled for repayment over six years, reported Al Masry Al Youm newspaper. The company reported a USD17 million profit last year, a significant recovery from a USD2.5 million loss in 2020.<br \/>\nAccording to ch-aviation fleets data, Smart Aviation &#8211; among whose shareholders is EgyptAir Holding &#8211; currently operates a fleet of five Cessna 680 Sovereigns, a G450, and a Beech (twin turboprop) King Air 350i on services including VIP\/business charter flights, air ambulance services, ground handling, and multiple airport calibration tasks.<br \/>\nch-aviation has reached out to Smart Aviation and CIAF Leasing for comment. \u2013 CV Aviation<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian charter carrier Smart Aviation (SME, Cairo International) is negotiating with CIAF Leasing &#8211; Air Operation to secure part of a USD20 million loan for purchasing a longer-range passenger aircraft. The type of aircraft was not disclosed. To manage financial obligations, Smart Aviation plans to sell an undisclosed aircraft for USD4 million to cover accumulated &hellip;<\/p>\n","protected":false},"author":1,"featured_media":17726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"default","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[98,102,88],"tags":[],"class_list":["post-17725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-featured-en","category-flights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt&#039;s Smart Aviation seeks $20mn loan for new aircraft - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=17725\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt&#039;s Smart Aviation seeks $20mn loan for new aircraft\" \/>\n<meta property=\"og:description\" content=\"Egyptian charter carrier Smart Aviation (SME, Cairo International) is negotiating with CIAF Leasing &#8211; Air Operation to secure part of a USD20 million loan for purchasing a longer-range passenger aircraft. The type of aircraft was not disclosed. 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