{"id":639184,"date":"2017-10-23T03:26:16","date_gmt":"2017-10-23T03:26:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/"},"modified":"2017-10-23T03:26:16","modified_gmt":"2017-10-23T03:26:16","slug":"egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/","title":{"rendered":"EgyptAir in the market for a USD 870 mn loan to finance new fleet additions"},"content":{"rendered":"<p>EgyptAir is looking to borrow USD 870 mn from local banks to finance a portion of its planned purchase of 33 new planes, <a href=\"http:\/\/www.almalnews.com\/Story\/350116\/12\/%D9%85%D8%B5%D8%B1-%D9%84%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D8%AA%D8%AE%D8%A7%D8%B7%D8%A8-%D8%A8%D9%86%D9%88%D9%83%D8%A7%D9%8B-%D9%85%D8%AD%D9%84%D9%8A%D8%A9-%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-870-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">Al Mal reports<\/a>. EgyptAir has already begun negotiations with National Bank of Egypt, Banque Misr, and Banque du Caire, sources say. The national flag carrier has reportedly set this month\u2019s end as the deadline for banks to bid for the loan. EgyptAir will be spending EGP 60 bn (USD 3.4 bn) on a full range of aircrafts to fly short-, medium- and long-distance routes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 set this month\u2019s end as [&hellip;]<\/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-639184","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a9becc3d-6bae-4621-a40f-a5fba7b8cae5","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[639140],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EgyptAir in the market for a USD 870 mn loan to finance new fleet additions - 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\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EgyptAir in the market for a USD 870 mn loan to finance new fleet additions\" \/>\n<meta property=\"og:description\" content=\"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 set this month\u2019s end as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-23T03:26:16+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\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EgyptAir in the market for a USD 870 mn loan to finance new fleet additions\",\"datePublished\":\"2017-10-23T03:26:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/\"},\"wordCount\":98,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/\",\"name\":\"EgyptAir in the market for a USD 870 mn loan to finance new fleet additions - 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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 &quot;Banking + Finance&quot;","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":574406,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","url_meta":{"origin":639184,"position":1},"title":"NBE, BdC arrange EGP 3 bn to EgyptAir","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal reports. 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