At the risk of appearing ... 'Guvnoresque'
I'd just like to point out that if the CAA believes that more than 49% of a company's capital (whether in equity
or its equivalent comes from a non-UK source, it won't be regarded as a UK carrier and therefore will not be eligible for a UK AOC and Operating Licence. Given the apparent involvement of the Fayeds (Egyptians) and now GE-IAI (US/Israeli) this operation sounds less and less British as the days go by!
Perhaps they should get themselves a US certificate instead...
In any case, what this
PR item says that that GE-IAI have simply agreed to provide parts on consignment - not exactly anything spectacular!