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EgyptAir agrees to buy 12 C300 aircraft - Daily News Egypt

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EgyptAir agrees to buy 12 C300 aircraft

Company is studying 59 offers to finance its largest deal in history

Daily Egypt News learned from sources at EgyptAir that the company agreed to use 12 C300 aircrafts.

Sources said that the company decided to use the 130-passenger aircraft instead of the company’s Embraers, which will be put up for sale.

The sources also said the company had decided to buy six Boeing Dreamliner aircraft, which will be received in batches starting from the first quarter (Q1) of 2019.

In addition, EgyptAir will use 15 Airbus 320 aeroplanes. The company is working to agree with the manufacturers to have the right to use other planes of the same type with the same conditions and prices in the future. EgyptAir has also received 59 offers from banks to fund the venture to upgrade its fleet as part of a plan aimed at growth in the coming period.

Chairperson of EgyptAir Holding Company Safwat Mosallam said the offers were put forward by local financing institutions and banks that had agreed in principle to finance the new aircraft deal for the company.

He noted that Dubai Aerospace Enterprise (DAE) also expressed its willingness to finance the deal, especially as it financed the company’s latest deal that included nine Boeing B737-800 NG worth $868m. The company has received seven of these planes and will receive the eighth very soon. This will be the 68th plane in the company’s fleet and the 28th of this model, which is the bestselling in Boeing 737 category.

Topics: aircraft Egyptair

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