Egypt Air offers 40% of its fleet for lease

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Oct 29, 2003
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CAIRO—Embattled national carrier EgyptAir said Sunday it was offering to lease 25 of its newest aircraft to other carriers, in a bid to offset staggering losses linked to the unrest that led more than 200,000 tourists to flee the country.

The company said in a statement that it was also offering to provide crew to staff the planes, which it was making available to fellow members of the Star Alliance network of international carriers. EgyptAir has struggled throughout the anti-government protests, which began on Jan. 25 and continued for 18 days before President Hosni Mubarak stepped down. The airline has cancelled about 75 per cent of its flights and seen little incoming traffic.

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