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KLM announced Wednesday that it will temporarily suspend flights to and from Cairo in January, citing “economic reasons.”
The Royal Dutch Airlines’ statement, posted on its website Wednesday, further said the devaluation of the Egyptian pound and restrictions imposed by the country’s central bank on the transfer of foreign currency out of Egypt are behind the decision.
It says its Cairo-Amsterdam service will be suspended from January 8.
KLM’s decision is testimony to the shortage of foreign currency in Egypt, a problem partially caused by the decimation of the local tourism industry by years of turmoil and by a drop in remittances from Egyptian expatriates.
Source: The Associated Press
