Egypt is offering airlines incentives to resume services to the country in a bid to stimulate demand and stop carriers from cutting capacity (Dow Jones Newswires, 31-Mar-2011). easyJet and TUI Travel confirmed they had received incentives in the form of reduced airport and passenger charges, worth about USD5 per passenger. The offer commenced in Mar-2011 and is open-ended, which could reportedly cost the Egyptian government some USD100 million by 2012. 15 million tourists visited Egypt in 2010 and the industry is a major export earner.
Egypt offers airlines incentives to kick-start tourism
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While it was acknowledged that progress on major deals was not going to happen overnight, the hope was that as layers of sanctions came down, Iran would be embraced by the rest of the world. In return, Iran was expected to open itself up progressively to foreign trade and investment, and to travel.
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