Norway's Enova hands $114mn for hydrogen production    Gold prices in Egypt on June 29    World Bank to provide Egypt $500 million to enhance food security – minister    Saudi citizens could enter Schengen countries visa-free    Egypt's Petrojet returns to Libyan oil sector after 11 years    Cemex, VeryNile sign deal for Egypt's Nile River    NATO remarks Egypt's role in maintaining stability in Middle East and Africa    Congo needs Egypt's expertise to diversify its economy – FPI official    Dostarlimab drug cures rectal cancer patient 100%, trials show    Egypt: A royal train turns into a new tourism attraction    Conclusions and Recommendations of the 1st edition of Africa Health ExCon    For the first time John Legend to perform in Egypt    Egypt discovers newly treasure trove of ancient artifacts at Saqqara Necropolis    Noura Al-Mutair – first Gulf female boxer in World Championships    Liverpool fans: "You'll Never Walk Alone" to Cristiano Ronaldo    Egypt to play key role in integrating water, climate issues globally – World Bank official    Egypt's telecoms regulator announces working hours for holy month of Ramadan    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

EgyptAir agrees to buy 12 C300 aircraft
Company is studying 59 offers to finance its largest deal in history
Published in Daily News Egypt on 22 - 10 - 2017

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.

Clic here to read the story from its source.