SEATTLE (BNS): Boeing has delivered the first 777-300ER (Extended Range) commercial jetliner to EGYPTAIR and leasing company GE Capital Aviation Services (GECAS).

According to the Boeing news release, the Egyptian flag carrier is leasing the new 777-300ER from GECAS and will take an additional five 777-300ERs on lease by mid of 2011 to upgrade their aviation service.

"This delivery is a substantial milestone in the history of EGYPTAIR. We will continue to bring the latest to our customers who deserve the best of everything. This is a continuation of the long term partnership with Boeing," the news release quoted Hussein Massoud, chairman of EGYPTAIR Holding Company as saying on Tuesday.

The EGYPTAIR airline operates a fleet of five Boeing 777-200ERs, five 737-500s and twelve 737-800s, with another eight 737-800s.

"The 777-200ER has always been one of the strongest performers in our fleet for fuel efficiency and reliability. The 777-300ER's additional improvements in fuel efficiency and seat-mile costs will directly benefit our bottom line," Chairman Capt. Alaa Ashour, EGYPTAIR Airlines said in a Boeing news release. "The 777-300ER is an important part of our fleet modernisation and growth plans to achieve greater profitability.”