Airline

EgyptAir looks to lease out aircrafts

Airlines in the market for new aircraft might want to contact EgyptAir.

The airline says it is looking to lease up to 25 aircrafts, 35% of its fleet, to other carriers as it attempts to blunt the crippling financial blow dealt to the company by the recent unrest in Egypt.

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 canceled about 75% of its flights and seen little incoming traffic.

FlightGlobal.com reports EgyptAir's Boeing 777-300ER jets are among the aircraft that the carrier is putting up for lease.

EgyptAir's 70-plane fleet also includes Airbus A340s, Airbus A330s, Boeing 777-200ERs and Boeing 737s, according the carrier's website.

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