EgyptAir to sell 12 Airbus A220-300 aircraft to Azorra Aviation

Ahram Online , Monday 1 Apr 2024

EgyptAir Holding Company has contracted to sell 12 Airbus A220-300 aircraft to Azorra Aviation, the Egyptian company’s chairman Yahya Zakaria told the Saudi Bloomberg Al-Sharq TV channel on Sunday.

Egyptair
File Photo: Egypt Air.

 

The sale deal is due to the aircraft’s unsuitability for weather conditions, Zakaria clarified.

"We will utilize the proceeds from the deal to repay the loan for purchasing the aircraft," he explained.

"We will deliver the first aircraft according to the deal with Azorra within the next month, and the remaining aircraft will be delivered in installments until March 2025," he added.

In September 2019, EgyptAir bought 12 Airbus A220-300 planes.

The purchase deal was signed with Canadian manufacturer Bombardier, to be delivered through June 2020.

 

* Correction: the name of the purchasing company has been changed to Azorra Aviation instead of Azur Air.

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