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Egyptair joins the fleet expansion spree

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  • Egyptair joins the fleet expansion spree

    http://www.atwonline.com/news/story.html?storyID=10998

    Six 777-300ERs, perhaps A330s to fuel EgyptAir expansion
    Monday December 3, 2007
    EgyptAir signed a long-term contract with GECAS for the lease of six 777-300ERs.

    The first aircraft is scheduled for delivery in February 2010 and will be used on nonstop routes from Cairo to New York JFK and Tokyo Narita. A stop in Bangkok will be eliminated on the latter route but the city will continue to be connected to Cairo with a separate flight. "The 777-300s will supplement our current fleet of five 777-200s," Chairman and CEO Sherif Saad Eldin Galal told ATWOnline.

    "We are also evaluating whether to add A330-300s to our fleet and are currently holding talks with Airbus," Galal revealed. It is not clear if the current fleet of three A340-300s will be phased out. The total fleet should grow from the current 48 aircraft to 75 in five years.

    Galal also said that the decision to join Star Alliance has had an immediate positive effect on passenger figures. The airline is expecting 7.5-8 million passengers in the current fiscal year, up from 6.5 million in the prior year.

    EgyptAir announced Friday that it will establish a hub in Vienna for traffic between Egypt and Northern Europe starting with the 2008 summer schedule. It will close its flights to Scandinavia and feed the market via VIE with codeshare partner Austrian Airlines. EgyptAir flights between Vienna and Cairo will be increased from five-times-weekly to seven.


    by Kurt Hofmann
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