Egypt to suspend flights from March 19 over coronavirus
“Tourists now in the country would be able to complete their vacations,” Prime Minister Mostafa Madbouly said during a televised news conference. The prime minister also added that losses from a flight shutdown are expected to mount to more than EGP2.25 billion ($130 million).
Tourism is the third largest source of income, crucial to Egypt’s economy. Official figures show that Egypt’s tourism revenues jumped by more than 28% to around $12.6 billion during the fiscal year that ended last June 30.
The Prime Minister’s announcement followed the allocation of $6.4 billion to fund a comprehensive plan to combat the impact of the coronavirus outbreak in Egypt. The country’s central bank has also announced that it will extend the deadlines for repayments and not levy fines on late payments.
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