Friday, 24 November 2017
Latest news
Main » EgyptAir commits to 24 Bombardier CS300s

EgyptAir commits to 24 Bombardier CS300s

15 November 2017
EgyptAir commits to 24 Bombardier CS300s

State-owned EgyptAir on Tuesday signed an initial order for 12 Bombardier CSeries jets, marking the Canadian plane maker's second deal for its largest planes this month - agreements that end an 18-month drought of no sales of the aircraft.

EgyptAir chairman and CEO Safwat Musallam said the CS300 will be used for growth and for the replacement of smaller narrowbodies.

The Egypt flag carrier is not the first CSeries customer in the Middle East, but it hopes to be the first operator. The deal is valued at $1.1bn before discounts.

EgyptAir has signed a a letter of intent for up to 24 CS300 aircraft which includes12 CS300 aircraft with purchase rights for an additional 12 aircraft.

That same day, Montreal-based Bombardier said an unidentified European customer was planning to buy 31 C Series aircraft with options for 30 more.

Colin Bole, Bombardier's senior vice president of commercial aircraft, said there were no particular conditions or terms that needed to be met to finalize the deals. The aircraft had been plagued by delays and cost overruns, and recently was hit with potentially crushing tariffs in the U.S. after a trade complaint by Boeing. The aircraft had been plagued by delays and cost overruns, and recently was hit with 300 percent tariffs in the US after a trade complaint by Boeing.