EgyptAir has started reviewing 25 offers from international companies to upgrade following a request issued by the airline, Al-Borsa website reported. Safwat Mesallam, chairman of the company, said the offers will be checked by mid-July so as to make a decision. These offers include both renting and purchasing aircraft, Mesallam told Al-Borsa. EgyptAir recently signed a contract to purchase nine Boeing planes (B737-800 NGs) at costs of $864 million. Mesallam disclosed the budget for the coming fiscal year and the company's intentions to target LE1 billion in profits.

Source: Egypt Independent May 02, 2017 08:03 UTC