EgyptAir signs $1.1 billion deal for 12 Bombardier CSeries jets

15 November, 2017, 01:22 | Author: Valerie Burke
  • The Bombardier logo is seen at the Bombardier factory in Belfast Northern Ireland

To date, Bombardier is thought to have won orders for more than 400 of the C Series aircraft.

Mr Thompson said Bombardier's CSeries aircraft programme now accounts for 1,000 jobs in the North and every order is welcome.

Airbus agreed in October to take a majority stake in Bombardier's CSeries jetliner program, and has said any CSeries jets intended for the US market would be built at its production facility in Alabama, potentially allowing the planes to avoid punitive duties.

"We anticipate both of them by year end", Fred Cromer, who heads Bombardier's commercial aircraft division, told reporters of the new sales deals.

As part of the Airbus venture, Bombardier has said it would invest $300 million to set up an Alabama assembly line for CSeries purchased by American carriers.

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EgyptAir Holding has signed a Letter of Intent (LOI) with Bombardier (BBA, Montréal Trudeau) for twelve firm CS300s with purchase rights for an additional twelve of the type.

In Dubai, Ethiopian Airlines' chief executive said he would decide next year whether to buy CSeries or Brazil-based Embraer's E-jet series as a replacement for its Boeing's 737-7.

The firm says the deal could be worth up to US$2.2 billion at list price if Egyptair orders all 24 aircraft.

Bombardier's deal with EgyptAir follows signed agreements with Iraqi Airways, Bahrain's Gulf Air, among other Middle East regional carriers. The aircraft had been plagued by delays and cost overruns, and recently was hit with 300% tariffs in the United States after a trade complaint by Boeing Co.

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