Boeing and EGYPTAIR have announced today at the Farnborough International Airshow an order for nine Next-Generation B737-800s. The deal, valued at US$864 million at current list prices, was previously attributed to an undisclosed customer.
Eight of the planes will be financed by Dubai Aerospace Enterprise, headquartered in Dubai.
The announcement coincides with 50 years of partnership between Boeing and the Egyptian airline, which started with an order for one 707 in 1966. The carrier had placed its first order for 737s in 1975.
“Over the years, Boeing has played an important role in our growth plan,” said Safwat Musallam, Chairman and CEO, EGYPTAIR Holding Company. “The Next-Generation 737-800s have earned an excellent reputation for reliability, performance and cost efficiency and has added tremendous value to our operations. The addition of several more of this airplane will definitely enable us to continue with our plans to introduce modern, efficient aircraft on our short to medium haul destination network. We are pleased to be working with Dubai Aerospace Enterprise to finance eight of these airplanes.”
“We are delighted to welcome EGYPTAIR as one of DAE’s new clients in the MENA region,” said Mr. Khalifa AlDaboos, Managing Director of DAE. “We look forward to a mutually rewarding long-term relationship with EGYPTAIR and to supporting EGYPTAIR’s fleet ambitions.”
“This order is an endorsement of EGYPTAIR’s confidence in the 737 and we hope to continue our long-time partnership with the airline as it further grows and strengthens its operations,” said Marty Bentrott, vice president of Sales for Middle East, Russia and Central Asia, Boeing Commercial Airplanes.