The Latest: EgyptAir expands fleet with 9 new Boeing 737s

LONDON – The Latest on the Farnborough International Airshow (all times local):


7:00 p.m.

Airbus says South American airline holding company Synergy ordered 62 single-aisle A320 planes with a list price of more than $6.6 billion for its Avianca Brasil subsidiary.

The airline will receive the neo or new-engine version of the A320, which competes with the Boeing 737 for use on short and medium-haul routes.

That model carries a list price of $107.3 million, although airlines routinely receive discounts. Terms of the deal were not disclosed.

Synergy Aerospace Corp. Chairman Alex Bialer said the planes will help Avianca Brasil grow and modernize its fleet. According to its website, the airline has a fleet of 41 Airbus jets to serve 22 destinations and more than 200 daily flights in Brazil.

Airbus said the order pushed its sales in Latin America over 1,000 planes.


1:35 p.m.

EgyptAir is buying nine Boeing 737-800 airplanes, in a deal that has a list value of at $864 million.

EgyptAir’s fleet already includes 20 of the short-to-medium-range jets. The airline also owns eight jets in the longer-range Boeing 777 family.

Financing for eight of the airplanes being purchased will be provided by Dubai Aerospace Enterprise based in the United Arab Emirates.

“This order is an endorsement of EgyptAir’s confidence in the 737 and we hope to continue our long-time partnership with the airline as it further grows and strengthens its operations,” said Marty Bentrott, vice-president of Sales for Middle East, Russia and Central Asia, Boeing Commercial Airplanes.


11:55 a.m.

Low-cost Chinese carrier Ruili Airlines is buying six 787-9 Dreamliners from Boeing in a deal that is valued at $1.59 billion at current list prices.

The purchase, confirmed Wednesday at the Farnborough International Airshow in southern England, is part of Ruili’s strategy to make its base in the Yunnan province the gateway from southwest China to rest of the world.

Ma Zhanwei, the chairman of Ruili Airlines said in a statement that the planes are the right size and have the long range to “make it an ideal fit in facilitating our international expansion plans.”

The carrier was established in February 2014 and operates nine Boeing 737 airplanes on 16 domestic routes with 46 daily departures.

It plans to expand its fleet to 70 airplanes by the end of 2025.