{"id":634942,"date":"2018-01-29T04:11:36","date_gmt":"2018-01-29T04:11:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/"},"modified":"2018-01-29T04:11:36","modified_gmt":"2018-01-29T04:11:36","slug":"egyptair-in-talks-with-international-banks-for-usd-800-mn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/","title":{"rendered":"EgyptAir in talks with international banks for USD 800 mn loan"},"content":{"rendered":"

EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade their fleet, banking sources told Al Shorouk<\/a>. The sources disclosed that amongst the institutions involved in the conversation are Citigroup and JP Morgan. EgyptAir is planning on spending a total of USD 5 bn to purchase 45 aircraft over the next period and has been speaking to both local and international banks to finance the fleet upgrade<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade their fleet, banking sources told Al Shorouk. The sources disclosed that amongst the institutions involved in the conversation are Citigroup and JP Morgan. EgyptAir is planning on spending a total of USD 5 bn to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634942","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6c4c6642-7585-41f3-9333-b303c80a6f25","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"EgyptAir in talks with international banks for USD 800 mn loan","related_issue":[634903],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.6e80f209-e6f9-4dd4-b621-d68a7f7e10d9.mp3"},"yoast_head":"\nEgyptAir in talks with international banks for USD 800 mn loan - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EgyptAir in talks with international banks for USD 800 mn loan\" \/>\n<meta property=\"og:description\" content=\"EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade their fleet, banking sources told Al Shorouk. The sources disclosed that amongst the institutions involved in the conversation are Citigroup and JP Morgan. EgyptAir is planning on spending a total of USD 5 bn to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-29T04:11:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EgyptAir in talks with international banks for USD 800 mn loan\",\"datePublished\":\"2018-01-29T04:11:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/\",\"name\":\"EgyptAir in talks with international banks for USD 800 mn loan - 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Reports emerged in October that the airline is seeking a loan of USD 870 mn to finance a portion of\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639184,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/","url_meta":{"origin":634942,"position":1},"title":"EgyptAir in the market for a USD 870 mn loan to finance new fleet additions","author":"enterpriseam admin","date":"23 October 2017","format":false,"excerpt":"EgyptAir is looking to borrow USD 870 mn from local banks to finance a portion of its planned purchase of 33 new planes, Al Mal reports. EgyptAir has already begun negotiations with National Bank of Egypt, Banque Misr, and Banque du Caire, sources say. The national flag carrier has reportedly\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635434,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/egyptair-to-receive-last-of-nine-boeing-airplanes\/","url_meta":{"origin":634942,"position":2},"title":"EgyptAir to receive last of nine Boeing airplanes","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"EgyptAir will receive the ninth and final Boeing 737-800 Next-Generation aircraft under its USD 864 mn agreement with the company, Al Shorouk reports. The aircraft should be added to the fleet by week\u2019s end. EgyptAir and Boeing had signed the supply agreement in July last year, and Dubai Aerospace Enterprise\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604934,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/","url_meta":{"origin":634942,"position":3},"title":"Egypt Aluminum in talks with banks for USD 600 mn financing for new product line","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"State-owned Egypt Aluminum is in talks with five local and international banks to finance a portion of its planned USD 600 mn new product line, according to Al Mal. 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