VOL. XL

No. 30

28-July-1997

EGYPT

EBI Lends $84.5Mn To EgyptAir

The European Investment Bank (EIB), the European Union's (EU) long-term financinginstitution, announced on 22 July that it will lend ECU75mn ($84.5mn) to the National Bankof Egypt (NBE) for onlending to EgyptAir to finance the expansion and modernization of itsfleet. EgyptAir is aiming to acquire four Airbus A321-200 medium-range aircraft, plus thenecessary ground equipment, initial spare parts provisioning, three spare engines and...