EGYPTAIR Announce Order for Nine Next-Generation 737-800s

Courtesy Boeing

FARNBOROUGH, United Kingdom, July 13, 2016 /PRNewswire/ — Boeing [NYSE: BA] and EGYPTAIR announced an order today for nine Next-Generation 737-800s at the 2016 Farnborough International Airshow. The deal, valued at $864 million at current list prices, was previously attributed to an unidentified customer on Boeing’s Order & Deliveries website.

Eight of the airplanes will be financed by Dubai Aerospace Enterprise, headquartered in Dubai, United Arab Emirates. The announcement coincides with 50 years of partnership between Boeing and the airline that began with an order for a 707 in 1966. EGYPTAIR placed its first 737 order in 1975.

“Over the years, Boeing has played an important role in our growth plan,” said Safwat Musallam, Chairman and CEO, EGYPTAIR Holding Company. “The Next-Generation 737-800s has earned an excellent reputation for reliability, performance and cost efficiency and has added tremendous value to our operations. The addition of several more of this airplane will definitely enable us to continue with our plans to introduce modern, efficient aircraft on our short to medium haul destination network. We are pleased to be working with Dubai Aerospace Enterprise to finance eight of these airplanes.”

EGYPTAIR currently operates 20 737-800NGs and when the nine airplanes on order have been delivered will comprise the largest single-aisle aircraft type in its fleet. The airline also has six 777-300ERs and two 777-200ERs. EGYPTAIR forecast significant growth of their total fleet by 2026.

Source Boeing / Edited By Airline Adviser 07/13/16