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Crédit Agricole Egypt and PAS sign a credit facility agreement for an aircraft purchase

According to the signed agreement, Crédit Agricole Egypt will provide a medium-term loan to be repaid over five and a half years, which shall cover 80% of the helicopter’s total value. The cooperation between the bank and PAS, which began in 1983, represents a major step in the long-term fruitful partnership aiming for the company’s expansion into air transport services inside and outside Egypt.

Daily News Egypt

US defies Iran nuclear programme, sends aircraft carrier

The United States deployed an aircraft carrier and bombers to the Middle East as “a signal to Iran”, National Security Advisor John Bolton said on Sunday. The announcement comes as tensions between Washington and Tehran are at a high point over Iran’s nuclear programme, with the US increasing sanctions in the past year since president …

Daily News Egypt

Airbus delivers 718 aircraft to its customers by end-2017

Last year, Airbus delivered 718 aircraft to 85 customers around the world, marking an increase of 4% in deliveries over 2016, when 688 planes were sold. According to a statement issued by the company, of which Daily News Egypt obtained a copy, the aircraft delivered in 2017 included 558 aircraft from the family of single-aisle …

Ahmed Saad

EgyptAir signs major deal of 45 new aircraft with total value of $6bn

EgyptAir Holding Company closed a deal on Wednesday, worth $6bn, that will add 45 aircraft to its fleet, according to a statement from the company. The agreement was signed at the ongoing Dubai Airshow with American airline manufacturer Boeing and Dublin-based AerCap. The aircraft are expected to be received within the next two years. “According …

Daily News Egypt

Egypt receives fourth batch of Rafale fighter jets

Egypt has received the fourth batch of high-tech French Rafale fighter jets—which consists of two aircraft—financed by a French government loan. Egypt has received 11 of the Rafale fighters so far. The delivery of the jets comes as a part of a military agreement between Egypt and France that includes, alongside the jets, a FREMM …

Daily News Egypt

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