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Egyptair disposes of several A320 and B737 aircraft

Posted 30 November 2016 · Add Comment

Egyptair has sold several of its parked Airbus and Boeing narrow-body jets, ch-aviation reports.

Earlier this year, the state-owned carrier announced it would dispose of unwanted assets deemed surplus to requirement including seven A320-200s and four B737-500s.

The airline will also dispose of four B777-200s and three A340-200s at a later stage.

The move is part of a greater cost-cutting/restructuring plan aimed at reducing the state-owned airline's expenditure and debt portfolio by 30% this year.

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