EgyptAir to lease six Dreamliners, first Bombardier jets arriving in 1H2018

EgyptAir will lease six Boeing 787-9 Dreamliners from Dublin-based AerCap under a long-term operating lease, Boeing announced. The Dreamliners are from AerCap’s order book with Boeing and are scheduled to be delivered in 2019. “We look forward to the 787 becoming an integral part of EgyptAir’s fleet as we progress our modernization and network expansion plans,” EgyptAir CEO Safwat Musallam said. The value of the transaction was not disclosed. This comes as EgyptAir will receive the first C-Series plane from its USD 1.1 bn agreement with Canada’s Bombardier in 1H2018, an unnamed source from EgyptAir tells Al Mal. The remaining 11 airliners will be shipped to Egypt over two years at a rate of one plane every two months. As we noted yesterday, EgyptAir Holding Company and Bombardier signed a letter of intent for as many as 24 CS300 airliners.