On 1 November 2009, the airline received its Air operator's certificate (AOC) from the Egyptian Civil Aviation Authority, which permitted the airline to launch operations. The airline had ordered nine Airbus A321-200 aircraft in 2007,[2] however in 2015 this order was adjusted to two aircraft. It launched operations in August 2010, operating a short-term wet lease contract with Libyan Arab Airlines, before starting scheduled services from Egypt in March 2011,[1] with the launch of flights to Saudi Arabia.
In 2013, Nile Air joined the Arab Air Carriers' Organization and the African Airlines Association in 2016.[citation needed] Also in 2016, the airline became the first airline in the Middle East to use Amadeus’ complete Airline IT portfolio, which provides end-to-end IT solutions.[3] In June 2016, Nile Air and Lila Design worked together on the Nile Air A320 special 'Egypt Tourism' livery which was unveiled on an Airbus A320 (SU-BQM).
In 2017, the airline became the official airline of the Egypt national football team - the first deal of its kind. In addition, the airline is among the main sponsors of the team.
In 2023, the airline wet leased the Sudan Airways A320 which is banned by the EU, to fly regional and domestic flights under Nile Air flight numbers.
Corporate affairs
Ownership
Nile Air is an Egyptian Joint Stock Company established in 2008, with 60% ownership by Egyptian individuals & companies and the remaining 40% by Dr. Nasser Al Tayyar, former President of Al Tayyar Group (now called Seera [4]), a prominent travel agency based in Kingdom of Saudi Arabia with operations in over 15 countries.[1] Nile Air is shown in the accounts of the Al Tayyar Travel Holding Company as a 'related company'.[5]
There have been several press reports in recent years that the airline was looking to go public on the Egyptian Stock Exchange, with as much as 30% of the carrier's stock being offered to Egyptian investors, with the owner and founder Nasser Al Tayyar retaining a 40% stake. [6]
Business trends
Nile Air is a private company, and annual reports are not published. In the absence of these, limited information on financial trends especially, is available. Available figures are shown below (for years ending 31 December):