Egyptair ordered nine Next-Generation Boeing 737-800s for $864 million
Friday, 15 July 2016 21:33
Egyptair ordered nine Next-Generation Boeing 737-800s, for $864 million. This was announced on July 13, 2016, at the Farnborough international Airshow in the United Kingdom.
According to the terms of the contract, eight (8) of these airplanes will be financed by Dubai Aerospace Enterprise (DAE), a firm specialized in planes leasing, financing and plane management services.
With this order, Egyptair increases its fleet which currently counts 20 planes. The first plane is expected to be delivered in December 2016.
Safwat Musallam, CEO Egyptair, said: “The Next-Generation 737-800s have earned an excellent reputation for reliability, performance and cost efficiency and has added tremendous value to our operations”
According to the firm’s chairman, Egyptair eyes a fleet of 105 planes before the end of 2020-2021.
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