Bombardier, EgyptAir strike deal for up to 24 C Series jets

Tammy Harvey
November 15, 2017

Bombardier is closing in on the second deal for its CSeries jet since reaching a landmark agreement with Airbus a few weeks ago that will see the European planemaker take control of the program to help revive the plane's fortunes.

Egypt's flagship state carrier EgyptAir has signed a letter of intent to order 12 Bombardier CS300 passenger aircraft for $1.1 billion.

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.

"Bombardier's 20-year market outlook foresees demand for 450 airplanes in the 60- to 150-seat category for the region and this letter of intent confirms the need for right-sized aircraft in the Middle East", said Cromer.

Bombardier has revealed that EgyptAir is planning to acquire up to 24 C-Series aeroplanes.

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.

The CS300 carries a list price of $89.5 million, although discounts of 50 percent or more are common in the industry.

In early October, Airbus and Canadian company Bombardier announced a partnership in which Airbus will take a majority stake in the C Series Aircraft Limited Partnership (CSALP) and a new assembly line will be built in Mobile, leveraging Airbus' experience establishing a Final Assembly Line there for its own A320 family. "Swiss and Air Baltic Corp., which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal".

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