EGYPTAIR Leases Two Additional Fuel-Efficient Boeing 787-9 Dreamliners from AerCap
Updated: Jan 11, 2020
On the second day of the 2019 Dubai Airshow, Egyptian flag carrier EGYPTAIR announced that they would add two more Boeing 787-9 Dreamliners to their fleet by a lease agreement with AerCap.
On Monday, EGYPTAIR and Boeing announced a new lease agreement with the global aircraft leasing leader AerCap, adding two more Boeing 787-9 Dreamliners to their fleet. EGYPTAIR selected the B787-9 during the 2017 Dubai Airshow as part of their fleet modernization program. The aircraft, which promises a 23% reduction in fuel compared to the aircraft they replaced, entered service with EGYPTAIR this year. The newly leased aircraft will be deployed on the Cairo to New York and other long-haul routes. In Monday’s announcement, EGYPTAIR Holding Company’s Chairman and CEO, Ahmed Adel said,
“The Boeing 787 Dreamliner has outperformed our expectations, helping us to significantly reduce our fuel use and emissions, while bringing comfort to our passengers. We look forward to growing our network with additional 787-9 airplanes and flying more passengers to their destinations at an affordable cost.”
EGYPTAIR and Boeing also announced a comprehensive service agreement with Boeing that will provide the airline with critical components, “Landing Gear Exchange” and “Quick Engine Change” kit maintenance solutions. Dublin, Ireland-based AerCap is the largest Boeing 787 Dreamliner customer with 117 aircraft delivered and on order. When speaking at the 2019 Dubai Airshow Monday, AerCap’s CEO, Aengus Kelly stated,
“AerCap is very proud to continue to support EGYPTAIR’s widebody fleet renewal program and sustainable growth ambitions. We thank our friends and partners at EGYPTAIR for their continued confidence in AerCap and we look forward to working with the EGYPTAIR and Boeing Teams as these aircraft deliver.”
Boeing’s SVP – Commercial Sales & Marketing, Ihssane Mounir added,
“EGYPTAIR has shown a strong commitment to growing its business in a sustainable and profitable manner and we are thrilled that the 787 Dreamliner is helping the airline realize their vision. There is no better endorsement of the 787’s efficiency, range and passenger comfort than an operator returning for more aircraft. Of course, this would not be possible without AerCap and its market-leading portfolio that gives carriers great flexibility in operating an optimized fleet.”
The Boeing 787-9 Dreamliner is six meters longer than the launch model and can fly 296 passengers (in a typical two-class configuration) up to 7,530 nautical miles (13, 950 kilometers), while offering a 23% reduction in fuel burn. With over 1,450 orders from 80 customers on six continents, the Boeing Dreamliner family has been a resounding success, with over half of all customers re-ordering the aircraft.