Tags: ALLTOP | AME | ARO | BENELUX | BNALL | BNK | BNSTAFF

Expats Flee Egyptian Unrest in Private Jets, Chartered Boeings

Tuesday, 01 Feb 2011 06:53 AM

Expatriate workers are fleeing Egypt in increasing numbers after political unrest prompted hundreds to escape Cairo in rented business jets and airliners over the past two days, emergency-flight broker Air Partner Plc said.

The clamor for flights is growing as protesters urge a million people to take to the streets today and force President Hosni Mubarak from office, Mark Briffa, Air Partner’s chief executive officer, said in an interview.

“Evacuations will carry on as the situation deteriorates,” Briffa said by telephone. “It depends on the stability of the country. If Mubarak decides to stay and enforces military action then our volumes will go up.”

Air Partner evacuated 800 people from Egypt on 14 flights in the 36 hours through midnight last night, most of them employees of clients in the oil, finance, telecommunications and supermarket industries, Briffa said. About 500 were flown to the U.K., 100 to Germany, and 200 -- mainly Americans -- to Dubai.

“There’s no shortage of planes at the moment but there will be as it intensifies,” the executive said from Air Partner’s London headquarters. “The airport itself is in complete and utter pandemonium. The volumes in there are horrendous.”

Short Notice

Planes ranging from private jets to Boeing Co. 737s and a 220-seat Airbus SAS A310 wide-body have been employed in the airlift, and more flights are contracted to take place today and tomorrow, Briffa said. Other clients have bought rights to fly staff out at short notice as the situation dictates, he said.

The Egyptian protests have been inspired by a revolt in Tunisia that ousted President Zine El Abidine Ben Ali on Jan. 14. As many as 150 people have been killed in clashes with the security forces so far.

Emergency flights are tough to arrange because they require the sourcing of a plane, airport slots, fuel, ground-handling services and visas, all within a few hours, Air Partner said in a statement. In its day-to-day business the company charters flights for individuals including U.K.’s Queen Elizabeth II.

Air Partner rose 32.75 pence or 7.4 percent yesterday, its biggest jump since Sept. 17. As of 8:29 a.m. in London the stock was trading up 0.25 pence at 478 pence, the highest since Jan. 10 last year.


© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Newsfront
Expatriate workers are fleeing Egypt in increasing numbers after political unrest prompted hundreds to escape Cairo in rented business jets and airliners over the past two days, emergency-flight broker Air Partner Plc said.The clamor for flights is growing as protesters...
ALLTOP,AME,ARO,BENELUX,BNALL,BNK,BNSTAFF,BNTEAMS,BUSINESS,CAC,CMD,CONS,COS,DAX,DEF,DUBAI,ECO,ECOSEDT,EGYPT,EM,EMC,ETRANSPORT,EUROPE,EUROPEME,EUROSTORY,EXCLUSIVE,EXTRTOP,FEAS,FIN,FINNEWS,FRA,GEN,GENNEWS,GER,GOV,GULF,IBERIA,IL,MARKETS,MENA,MIDEAST,MOV,MSCIAFRICA,MSCIDVEUR,MSCINAMER,MSCIWORLD,NETHER,NEWSWORD07,NORTHAM,NRG,OIL,ONWEB,OPTOUTLINK,ORIGINAL,POL,POLNEWS,READ,RET,SMALLCAP,SPAIN,STFILT241,STFILT266,STFILT268,STK,TRN,UK,UKCURZ5,UKTOP,UKTOPZ5,UKX,US,USGOV,USMW,USPN,WA
372
2011-53-01
Tuesday, 01 Feb 2011 06:53 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved