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Boeing : EgyptAir agrees to buy 12 C300 aircraft

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10/23/2017 | 02:56am CEST

Daily Egypt News learned from sources at EgyptAir that the company agreed to use 12 C300 aircrafts.

Sources said that the company decided to use the 130-passenger aircraft instead of the company’s Embraers, which will be put up for sale.

The sources also said the company had decided to buy six Boeing Dreamliner aircraft, which will be received in batches starting from the first quarter (Q1) of 2019.

In addition, EgyptAir will use 15 Airbus 320 aeroplanes. The company is working to agree with the manufacturers to have the right to use other planes of the same type with the same conditions and prices in the future. EgyptAir has also received 59 offers from banks to fund the venture to upgrade its fleet as part of a plan aimed at growth in the coming period.

Chairperson of EgyptAir Holding Company Safwat Mosallam said the offers were put forward by local financing institutions and banks that had agreed in principle to finance the new aircraft deal for the company.

He noted that Dubai Aerospace Enterprise (DAE) also expressed its willingness to finance the deal, especially as it financed the company’s latest deal that included nine Boeing B737-800 NG worth $868m. The company has received seven of these planes and will receive the eighth very soon. This will be the 68th plane in the company’s fleet and the 28th of this model, which is the bestselling in Boeing 737 category.

(c) 2017 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 92 093 M
EBIT 2017 9 375 M
Net income 2017 6 869 M
Debt 2017 1 900 M
Yield 2017 2,13%
P/E ratio 2017 23,55
P/E ratio 2018 21,88
EV / Sales 2017 1,72x
EV / Sales 2018 1,69x
Capitalization 156 B
Duration : Period :
Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Technical analysis trends BOEING COMPANY (THE)
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 273 $
Spread / Average Target 3,1%
EPS Revisions
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & EVP-Enterprise Performance & Strategy
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
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