NO. 46


Financial and Banking News

Capital Markets

Egypt Air To Finance New Aircraft With Bond Issue

Egypt Air is planning to raise $250mn from a dollar denominated bond issue tohelp finance the modernization of its air fleet. The company has recentlyordered six new aircraft three A340 Airbus and three Boeing 777 at a cost of$700mn, with delivery scheduled to start at the end of 1995. Part of the cost ofthe new planes will come from the sale of three of Egypt Air's older...