Air Lease Corporation (ALC) announced Monday long-term lease agreements for 18 new Boeing 737-8 aircraft with EgyptAir, to be delivered between 2025 and 2026.
This is the first agreement between ALC and the Egyptian airline and the first addition of a 737-8 to EgyptAir’s fleet.
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“As the leading airline in North Africa, EgyptAir will continue to excel in the market with these 18 Boeing 737-8 aircraft that will replace the airline’s aging narrow-body fleet, significantly enhancing the airline’s operations and competitiveness,” said Steven F. Udvar-Hazy, Chief Executive Officer of Air Lease Corporation.
“This important agreement with ALC demonstrates EgyptAir’s commitment to fleet modernization, environmental sustainability and its plans for future growth. The 737-8 will greatly benefit EgyptAir’s operational efficiency and our passengers’ experience in the future,” said Yehia Zakaria, Chairman and CEO of EgyptAir Holding.
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