EgyptAir to strike its largest ever deal to purchase 45 aircraft: Min.

CAIRO - 28 October 2017: Minister of Civil Aviation Sherif Fathy said his Saturday meeting with Prime Minister Sherif Ismail touched on plans to develop Egyptian airports and upgrade EgyptAir company.

Addressing a press conference at the Cabinet’s headquarters, Fathy said the meeting also tackled the latest deals concluded by EgyptAir to buy new aircrafts and the plan to upgrade the company.

The first phase of the plan is about to be completed as Egypt has received eight planes out of nine, he said, noting that the ninth plane is expected to be handed over to Cairo within the coming year.

The minister indicated that the second phase includes purchasing 45 aircraft, the largest ever deal struck by EgyptAir.

The meeting also reviewed EgyptAir’s cooperation with African countries, the establishment of new airports, namely Kattameya airport and Sphinx airport on the Cairo-Alexandria desert road, in which flights will be operated as of next summer, Fathy said.

The minister also noted that his talks with the premier tackled reviving Aero City project via allocating EGP 400 million for infrastructure.

Meanwhile, Fathy reviewed the dlrs 187 million loan provided to Egypt by the Japan International Cooperation Agency (JICA) to expand Borg el Arab airport.

He also revealed that a sum of dlrs 305 million was allocated to improve infrastructure of radars at all Egyptian airports in cooperation with Russia.