Egypt’s national carrier EgyptAir is looking into the possibility of leasing eight 50-passenger aircraft, intended to service domestic and regional flight routes. Brazilian Aeronautics Enterprise Embraer has sent a delegation to Cairo to discuss a possible deal with Egypt’s National Air Navigation Services Company, reported Egypt's MENA news agency.
The company’s fleet includes a Boeing 707, acquired in 1961, a Boeing 767-300, plus 13 other Boeing jets in the 737, 747 and 777 classes, as well as 25 Airbus jets. The airline operates more than 400 flights weekly to various national and international destinations.
In June, the Egyptian cabinet has authorized plans to gradually transform state-owned EgyptAir into a six-subsidiary holding companies. The company reported a 7.3 percent profit decrease from 119.8 million Egyptian pounds ($31.5 million) in fiscal year 2000 to EP111 million ($24 million) in the fiscal year of 2001. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
