in Air Transport

EgyptAir and AerCap sign leasing agreements

Posted 19 November 2019 · Add Comment

EgyptAir and AerCap announced today they have executed long-term operating leases for two Boeing 787-9 aircraft, the aircraft are from AerCap’s order book with Boeing and the first unit is scheduled to deliver in 2021 with the second unit delivering in 2022.

 

Both sides also have signed documents converting 7 leases for Airbus A320neos into leases for seven Airbus A321neos.

In October 2017, EgyptAir placed an order with AerCap for six 787-9 aircraft, all of which were delivered to the airline in 2019.  The Egyptian flag-carrier announced the order of 15 Airbus A320 neo, among which 7 aircraft will be converted for A321neo.

The announcement was made during the 2019 Dubai Airshow in the presence of EgyptAir Holding Company chairman & CEO Capt. Ahmed Adel, EgyptAir Airlines chairman & CEO Captain Ashraf Elkhouly, AerCap CEO Aengus Kelly and AerCap president & chief commercial officer Philip Scruggs.

“I would like to take this opportunity to express my sincere thanks for the kind support from AerCap. We are pleased to boost our cooperation with AerCap, a strategic partner that we recognise and hold in high regard,” said Capt. Ahmed Adel, CEO and chairman of EgyptAir Holding Company.

“The B787-9 aircraft is the most technologically advanced aircraft,” Capt. Adel said. “We will continue to adhere to our strategic vision being the preferred airline for Egypt and worldwide travellers’, bringing more advanced products and better service to passengers.”

He said: “We are pleased to welcome also the first Airbus A321neos, as we continue to reconfigure our fleet. Over the past few years, we have established a strong and sustainable partnership with AerCap that allows us to continue to offer our customers the service and comfort they are used to.”

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