EgyptAir order nine 737-800sNG aircraft

EgyptAir has ordered nine Next-Generation 737-800s at the 2016 Farnborough International Airshow.

The deal is valued at $864 million.

Eight of the aircraft will be financed by Dubai Aerospace Enterprise (DAE), headquartered in Dubai.

The announcement coincides with 50 years of partnership between Boeing and the airline that began with an order for a 707 in 1966. EgyptAir placed its first 737 order in 1975.

"Over the years, Boeing has played an important role in our growth plan," said Safwat Musallam, chairman and CEO, EgyptAir Holding Company. "The Next-Generation 737-800s have earned an excellent reputation for reliability, performance and cost efficiency and has added tremendous value to our operations. The addition of several more of this airplane will definitely enable us to continue with our plans to introduce modern, efficient aircraft on our short to medium haul destination network. We are pleased to be working with Dubai Aerospace Enterprise to finance eight of these airplanes."

Khalifa AlDaboos, managing director of DAE added: "We are delighted to welcome EgyptAir as one of DAE's new clients in the MENA region. We look forward to a mutually rewarding long-term relationship with EgyptAir and to supporting the airline’s fleet ambitions."