At the Dubai Air Show today, EgyptAir signed an agreement with Air Lease Corporation for 18 Boeing 737 MAX 8 aircraft.
Such a deal marks the first deal between the lessor and the airline, with deliveries of the type expected to take place between 2025-2026.
Without further ado, let’s get into it…
Dubai Air Show: Deal Outlined with ALC & EgyptAir…
Commenting on this placement was Steven F. Udvar-Hazy, the Executive Chairman of Air Lease Corporation:
“We are pleased to announce this deal for 18 new Boeing 737-8 aircraft with ALC’s new customer, EGYPTAIR, and be the first to lease the 737-8 to the airline”.
“As a leading carrier in North Africa, EGYPTAIR will continue to excel in the market with these 18 new generation Boeing 737-8 aircraft that will replace EGYPTAIR’s aging narrowbody fleet with the most advanced, fuel-efficient Boeing aircraft and will significantly enhance the airline’s fleet operations and competitiveness.”
Adding to this was Yehia Zakaria, the Chairman & CEO of EGYPTAIR holdings:
“This major deal with ALC for 18 new Boeing 737-8 aircraft demonstrates EGYPTAIR’s commitment to fleet modernization, environment sustainability and future growth plans. The 737-8 will greatly benefit EGYPTAIR’s operating efficiency and our passenger experience far into the future”.
“We are thrilled to partner with a pioneering lessor such as Air Lease Corporation on this strategic initiative to support EGYPTAIR’s fleet renewal and growth plans.”
Overall, this is a significant deal for the carrier, especially in the context of fleet growth and renewal, with all eyes on how deliveries will go in 2025-26.
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