State-run flag carrier EgyptAir has signed a preliminary agreement with global aircraft leasing company BOC Aviation to acquire eight new planes that would make the fleet average lifetime for the aviation company eight years.
The new planes, for which a final agreement will be signed in a few days, would be delivered in the second half of 2016, said Minister of Aviation Hossam Kamal in a statement on Sunday.
The purchase of the planes is the first phase of EgyptAir's fleet development plan up to 2025, said Kamal.
The company is working on a 10 year restructuring plan which should be finalised by mid-December, Chairman Sherif Fathi Attia told Reuters in October.
The last financial results published on the website for EgyptAir Airlines, one of nine subsidiaries in EgyptAir Holding Company, show losses of LE2.2 million in the fiscal year ending June 30, 2011.
BOC Aviation is a global aircraft leasing company, owned by the Bank of China with its headquarters based in Singapore.
The company leases, manages and sells commercial jet aircraft.
A new travel industry coalition is urging EU policymakers to adopt a balanced and proportionate approach to biometric travel, ensuring passengers can benefit from secure and seamless journeys while ma...
British Airways has unveiled the next phase of its Heathrow lounge transformation programme, marking the beginning of a significant investment aimed at modernising every lounge across the airport in t...
The International Aircraft Dealers Association (IADA) has released its 2026-2027 Current Market Portrait & Forecast, offering an in-depth analysis of the global preowned business av...
FL Technics Indonesia, the first MRO in Indonesia to be appointed as a GE Aerospace avionics support partner, has signed a service support agreement with GE Aerospace covering Boeing 737 and Airbus A3...
