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BY TOMICHEN 10 August, 2005, CAIRO,
Egypt: Boeing [NYSE:BA] and EgyptAir have confirmed that they have
formally concluded contract negotiations on August 1,2005. According to the deal the airline will get 12 Boeing 737-800s. The firm order is for six airplanes with purchase options for additional six planes.
Another significant invetsment in EgyptAir's flight renewal program has taken place with the deal estimated at $850 million.The fleet of the airlne currently includes the industry's yongest airplane fleets.
"EgyptAir bought their first Boeing in 1968; a B-707," said Lee Monson, Boeing Commercial Airplane's vice president of the Middle East and Africa. We're proud that the Next-Generation 737-800 will soon be flying in EgyptAir livery and we will continue to work closely with the airline to find Boeing fleet solutions for this excellent carrier."
EgyptAir currently has four Boeing 737-500s, five 777-200s and two 747-300s as part of their mixed fleet of airplanes. EgyptAir will take delivery of its first 737-800 in September 2006, while the rest of the planes joining the fleet through december 2009.
"Egypt is a land of history and so, too, we respect the history we've shared with Boeing during EgyptAir's growth and development," said Engineer Atef Abd El-Hamid, chairman and CEO of EgyptAir Holding Company.
Boeing 737-800 is designed ten years later than its main competitor, with 88 airlines placing orders for more than 2,700 Next-Generation 737s.
EgyptAir undertakes 400 flights per week from Cairo and other Egyptian cities, thus providing connectivity to more than 66 destinations across Asia, Europe, Africa and North America.
BY TOMICHEN
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