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EgyptAir scales back its fleet renewal plans

Posted 30 December 2016 · Add Comment

EgyptAir has reduced its intended fleet renewal and expansion plans given Egypt's continued weak economic outlook, reports ch-aviation.

 

Egyptian Minister of Civil Aviation, Sherif Fathi, told the country's parliament this week that the state-owned carrier had originally planned to operate a fleet of 105 aircraft by 2021. However, given the decline in the value of the Egyptian Pound, that number has now been revised down to ninety-three with additional reviews likely in the interim.

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