AerCap and EGYPTAIR Reach Agreement on the Lease of 6 Boeing 787-9 Aircraft
November 15 2017 - 2:00AM
Business Wire
AerCap Holdings N.V. (“AerCap”) (NYSE: AER) and EGYPTAIR today
announced they have reached agreement on the long-term operating
lease of six Boeing 787-9 aircraft, powered by Rolls-Royce engines.
These aircraft are from AerCap’s order book with Boeing and are
scheduled to deliver in 2019.
The announcement was made during the 2017 Dubai Airshow in the
presence of His Excellency Minister of Civil Aviation of Egypt
Sherif Fathi, EGYPTAIR Holding Company Chairman and CEO Safwat
Musallam, EGYPTAIR Airlines Chairman & CEO Captain Sherif
Ezzat, AerCap CEO Aengus Kelly and AerCap President & Chief
Commercial Officer Philip Scruggs.
AerCap is the world’s largest customer of the 787 aircraft, with
a total of 116 owned and on order.
Speaking at the announcement event, AerCap CEO Aengus Kelly
said, “AerCap is extremely proud to have been selected by EGYPTAIR
to support their widebody fleet renewal program. EGYPTAIR has been
in business for 85 years and these transactions represent an
important milestone in the future development of the airline. These
new generation Boeing aircraft will enhance EGYPTAIR’s widebody
fleet for many years to come. We thank our friends and partners at
EGYPTAIR for the confidence they have placed in AerCap and we look
forward to working with the EGYPTAIR and Boeing teams as these
aircraft deliver.”
“We are glad to celebrate this new cooperation with AerCap, the
world’s leading aircraft leasing company, to be a part of our fleet
renewal strategy,” said Safwat Musallam, Chairman and CEO of
EGYPTAIR Holding Company. “Today is a distinguished day witnessing
a new chapter of fruitful business relations with AerCap, a dear
and valued partner in supporting EGYPTAIR's development plan and
achieving our future vision and consequently our commitment to our
esteemed customers to offer complete on-board comfort. We will
continue to invest in the most advanced aircraft to give our
customers the best possible travel experience,” added Chairman
Musallam.
About AerCap
AerCap is the global leader in aircraft leasing with, as of
September 30, 2017, 1,506 owned, managed or on order aircraft in
its portfolio. AerCap has one of the most attractive order books in
the industry. AerCap serves approximately 200 customers in
approximately 80 countries with comprehensive fleet solutions.
AerCap is listed on the New York Stock Exchange (AER) and has its
headquarters in Dublin with offices in Amsterdam, Los Angeles,
Shannon, Fort Lauderdale, Singapore, Shanghai, Abu Dhabi, Seattle
and Toulouse.
About EGYPTAIR
EGYPTAIR is the national airline of Egypt, based in Cairo. It
was established on May 7th, 1932 as the first airline in the Middle
East and Africa and the seventh in the world to join IATA. EGYPTAIR
network reaches more than 70 destinations to about 60 countries
around the world to meet the needs of its customers. EGYPTAR is a
Star Alliance member since July 2008.
More news and information is available at www.egyptair.com and
EGYPTAIR official pages on social media.
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AerCap Holdings N.V.For Media:Gillian Culhane, +353 1 636
0945Vice President Corporate
Communicationsgculhane@aercap.comorFor Investors:Brian
Canniffe, +353 1 418 0461Head of Investor
Relationsbcanniffe@aercap.com
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