EgyptAir has financed the first batch of A350-900 aircraft, comprising 5 aircraft, as the company announced the signing of a sale and leaseback agreement with Singapore's BOC Aviation Limited to add 3 new Airbus A350-900 aircraft, as part of the national carrier's ongoing strategy to modernize and expand its fleet. This comes in light of EgyptAir's previously announced contract to purchase 16 A350-900 aircraft.
The agreement was signed by Captain Ahmed Adel, Chairman and Executive Managing Director of EgyptAir Holding Company, and Steven Townend, CEO and Managing Director of Singapore's BOC Aviation, on the sidelines of the Dubai Airshow 2025.
Under the agreement, BOC Aviation will purchase the aircraft from Airbus and lease them back to EgyptAir, with one aircraft under an operating lease and two aircraft under a finance lease. The first aircraft is scheduled to be delivered by the end of 2025, while the remaining two aircraft are to be delivered during 2026.
All A350-900 aircraft will be powered by Rolls-Royce Trent XWB engines, known for their exceptional fuel efficiency, low emissions and reduced noise, supporting EgyptAir's commitment to sustainable growth and environmental responsibility.
For his part, Captain Ahmed Adel, Chairman of EgyptAir Holding Company, said: "We are pleased to cooperate with BOC Aviation on this financing of Airbus A350 aircraft for EgyptAir, which represents a new chapter in the company's strategy."
Adel added: "Thanks to the addition of these aircraft, we can expand EgyptAir's route network to include more destinations, strengthen its regional and international presence, and build new relations with BOC Aviation, one of the leading companies in this field. We also look forward to more future deals in which we work together."
In a related context, Steven Townend, CEO and Managing Director of BOC Aviation, said: "We are excited to deliver our first aircraft to EgyptAir, marking the start of a new partnership and the expansion of our presence in Africa. Technically, the Airbus A350 is the ideal aircraft for airlines seeking to modernize their fleets with modern, wide-body, fuel-efficient aircraft that are comfortable for passengers."
It is worth noting that the addition of the A350-900 to the EgyptAir fleet will significantly enhance the national carrier's long-haul capabilities, enabling greater operational efficiency, a wider range and better passenger comfort on intercontinental routes linking Africa, the Middle East, Europe, Asia and North America. This partnership underlines EgyptAir's continued commitment to investing in next-generation aircraft that align with international sustainability standards and strengthen its role as a key player in the global aviation sector.
