Strong ties with AerCap, global leader in leasing
Ahmed Adel: Limited supply of new Aircraft
Angus Kelly: EgyptAir key client in region
By Mohamed Attia
Cairo – In a significant move to modernize and strengthen its fleet, EgyptAir is deepening its long-standing partnership with AerCap, the world’s largest aircraft leasing company. Pilot Ahmed Adel, Chairman of EgyptAir Holding Company, recently welcomed Mr. Angus Kelly, CEO of AerCap, to the airline’s headquarters in Cairo. The high-level visit underscored the pivotal role EgyptAir continues to play in regional and global aviation.
The meeting explored new avenues for collaboration as EgyptAir seeks to enhance its operational capabilities and fleet efficiency through modern, fuel-efficient aircraft. AerCap has been a key strategic partner in this effort, having leased a wide range of aircraft to EgyptAir over the years, including 28 Boeing 777-300ERs, Airbus A320/321neos, and Boeing 787-9 Dreamliners.
AerCap, which manages a portfolio of 1,703 commercial aircraft and over 1,000 engines valued at $73 billion, supplies major global carriers such as Lufthansa, British Airways, Air France, Cathay Pacific, Delta Air Lines, United Airlines, and Japan Airlines. Its continued investment in EgyptAir demonstrates a strong vote of confidence in the national airline’s growth trajectory and regional influence.
Discussions during the visit focused on EgyptAir’s future strategy, including plans to expand its route network, increase flight frequencies, and align with the latest industry innovations. Both parties acknowledged the increasing demand for air travel and the growing reliance on leasing as a viable solution amid global delivery delays from manufacturers.
Captain Ahmed Adel emphasized the importance of this partnership, noting that approximately 40% of EgyptAir’s fleet is currently operated through leasing agreements, largely facilitated by AerCap. He highlighted the airline’s commitment to sustainability, noting that its focus is on acquiring next-generation aircraft that offer lower fuel consumption and reduced environmental impact—an approach that aligns with global efforts to minimize aviation’s carbon footprint.
“This partnership supports our vision to deliver an exceptional travel experience while adhering to international environmental standards,” Adel stated. “AerCap remains a strategic pillar in our fleet modernization and expansion roadmap.”
In response, Angus Kelly praised EgyptAir’s strategic direction and reiterated AerCap’s commitment to supporting the national carrier’s goals. “EgyptAir is one of our most important partners in Africa and the Middle East. We are proud to be part of its journey as it celebrates its 93rd anniversary and looks ahead to an even more dynamic future,” he said. Kelly also acknowledged the strong cultural and economic ties between the two organizations and expressed readiness to further facilitate EgyptAir’s ambitious plans.
The discussions concluded with a mutual understanding to explore additional cooperation opportunities that will contribute to the growth of Egypt’s aviation sector and enhance EgyptAir’s competitive edge on the global stage.
