EgyptAir signs $1.1 bln preliminary deal for 12 Bombardier CSeries jets

EgyptAir signs $1.1 bln preliminary deal for 12 Bombardier CSeries jets

The deal is likely to include a firm order for 12 CS300 jets, and could be announced as early as Tuesday at the Dubai Air Show, according to the report.

It is the first order for the C Series since the surprise announcement in October that Airbus was taking a majority stake in the programme. Cromer said both sales had already being under negotiation and were not the result of the Airbus venture.

"EgyptAir has signed a letter of intent for 12 CS300 aircraft, and will take options on a further 12", the statement added.

"We selected the C Series aircraft because of its range which will allow us to better serve domestic and regional destinations, including neighbouring Arab cities, the Middle East as well as several European destinations".

"We are respecting the customer's wishes to not disclose the identity", Cromer said from Dubai.


‍Bombardier says ‍based on the list price of a CS300 airliner, a firm-order contract would be valued at approximately $1.4-billion.

Bombardier is engaged in a trade dispute with Boeing, which complained that the CSeries had been subsidized and sold below cost in the United States.

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

A US trade commission will decide in early 2018 on whether to impose duties of almost 300 percent on the CSeries, after Boeing complained the planes had been subsidised and sold below cost in the United States.

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