By Mohamed Attia
EgyptAir has concluded a deal to increase its fleet size with 18 Boeing 737 Max 8 aircraft, Egypt’s national carrier announced yesterday.
The carrier will take on the aircrafts as part of a leasing agreement with Air Lease Corporation (ALC), the company announced during the Dubai Air Show.
This is the first deal between EgyptAir and ALC, which will enable the company to add the Boeing 737 Max 8 aircraft to its fleet, for the first time.
The company is due to receive its first Boeing 737 Max 8 in 2025, and the rest through 2026.
ALC Executive Chairman Steven F Udvar-Hazy, welcomed the deal with EgyptAir, which has become the first the company’s first lessor of Boeing 737 Max 8.
Addressing a press conference, he also voiced content for cooperating with the leading aviation company in North Africa, which will carry on with its pioneering status with the news planes, that will replace its old fleet of short- and medium-range models with more luxurious, modern aircraft and better fuel efficiency. This is will greatly bolster EgyptAir’s fleet and enhance the company’s competitiveness.
For his part, EgyptAir’sChairman and CEO of Egyptair, YehiaZakaria is part of the company to modernize its fleet, and maintain the principle of ecological sustainability and future growth plans.
He explained that Boeing 737 Max 8 is operated with CFM Leap – 1B27 engines, which are state-of-the-art and fuel efficient. Zakaria voiced content for cooperate with ALC.
EgyptAirt’s fleet now totals 80 aircraft, among them 42 various Boeing planes.
The company had its first Boeing, B707, in 1966.