Over­seas air­line makes firm or­der for 12 C Se­ries jets

Bom­bardier signs LOI for up to 24 CS300s with Egyp­tAir

Stockwatch Daily - - FRONT PAGE - Mr. Fred Cromer re­ports

BOM­BARDIER INC. has signed a let­ter of in­tent (LOI) for up to 24 CS300 air­craft with Egyp­tAir Hold­ing Com­pany of Cairo. This in­cludes 12 CS300 air­craft with pur­chase rights for an ad­di­tional 12 air­craft.

Based on the list price of the CS300 air­liner, a firm or­der con­tract would be val­ued at ap­prox­i­mately $1.1-bil­lion (U.S). Should Egyp­tAir also ex­er­cise the 12 pur­chase rights for CS300 air­craft, the con­tract value would in­crease to nearly $2.2-bil­lion (U.S.).

In the pres­ence of Min­is­ter

of Civil Avi­a­tion of Egypt Sherif Fathi, a press con­fer­ence was held at the Dubai Air­show where Safwat Musal­lam, chair­man and chief ex­ec­u­tive o ffi c er of Egyp­tAir Hold­ing Com­pany, and Fred Cromer, pres­i­dent, Bom­bardier Com­mer­cial Air­craft, cel­e­brated the sig­na­ture of the let­ter of in­tent, which opens a new chap­ter in the re­la­tion­ship be­tween the two com­pa­nies.

“It is our plea­sure to have this new part­ner­ship with Bom­bardier, which came as a con­tin­u­a­tion of our fleet mod­ern­iza­tion strat­egy. We un­der­took a thor­ough eval­u­a­tion process of our fleet and re­al­ized that the CS300 would fit per­fectly into our busi­ness plans and growth strat­egy,” said Safwat Musal­lam.

“We se­lected the C Se­ries air­craft be­cause its ex­cel­lent range will al­low us to best serve do­mes­tic and re­gional des­ti­na­tions, in­clud­ing neigh­bour­ing Arab cities, the Mid­dle East as well as sev­eral Euro­pean des­ti­na­tions. This is in ad­di­tion to the CS300 air­craft’s ex­cep­tional eco­nomics and out­stand­ing cabin. We look for­ward to ex­pand­ing our net­work with the CS300 and we are happy to see that the part­ner­ship an­nounced with Air­bus will bring added sup­port to the C Se­ries pro­gram.”

“We’re thrilled that Egyp­tAir se­lected the CS300 air­craft to re­new its fleet,” said Mr. Cromer. “Bom­bardier’s 20-year mar­ket out­look fore­sees de­mand for 450 air­planes in the 60- to 150-seat cat­e­gory for the re­gion and this LOI con­firms the need for right­sized air­craft in the Mid­dle East. We are con­fi­dent that our small sin­gle-aisle C Se­ries is ideally suited to serve the hot tem­per­a­ture en­vi­ron­ments of the re­gion and will un­doubt­edly pro­vide per­for­mance and eco­nomics that will drive higher prof­itabil­ity.”

About C Se­ries air­craft The C Se­ries is the only air­craft op­ti­mized for the 100- to 150-seat mar­ket seg­ment, which drives the air­craft’s phe­nom­e­nal eco­nomic propo­si­tion and per­for­mance, open­ing up new op­por­tu­ni­ties for sin­gle-aisle air­craft op­er­a­tion. The C Se­ries air­craft is man­u­fac­tured by the C Se­ries Air­craft LP, an af­fil­i­ate of the Bom­bardier Com­mer­cial Air­craft seg­ment of Bom­bardier.

Com­pris­ing the CS100 and the larger CS300 air­craft, the C Se­ries fam­ily rep­re­sents the fu­sion of per­for­mance and tech­nol­ogy. The re­sult is air­craft that de­liver un­matched per­for­mance and eco­nomics in the 100- to 150-seat mar­ket seg­ment and an 18 per cent lower cost per pas­sen­ger, mak­ing them the ideal can­di­dates to com­ple­ment larger sin­gle-aisle air­craft. Air­lines can now op­er­ate routes that were pre­vi­ously not prof­itable

or even pos­si­ble. An im­prove­ment in range in ex­cess of 20 per cent out of hot-and-high airports such as Den­ver, Mex­ico City or Lhasa has been con­firmed.

Bom­bardier has cre­ated a new stan­dard in cabin de­sign and flex­i­bil­ity to en­sure an un­ri­valled pas­sen­ger ex­pe­ri­ence. The air­craft’s larger seats, over­head bins and win­dows de­liver a wide-body feel that of­fers pas­sen­gers un­par­al­leled com­fort in a sin­gle-aisle cabin.

The CS100 and the CS300 air­craft have over 99-per-cent parts com­mon­al­ity as well as same type rat­ing. The ground­break­ing Pratt & Whit­ney PurePower PW1500G en­gine, com­bined with the air­craft’s ad­vanced aero­dy­nam­ics, de­liv­ers re­duced fuel burn, noise, and emis­sions — mak­ing the C Se­ries the most com­mu­nity-friendly air­craft. About Bom­bardier Bom­bardier is the world’s lead­ing man­u­fac­turer of both planes and trains. Look­ing far ahead while de­liv­er­ing to­day, Bom­bardier is evolv­ing mo­bil­ity world­wide by an­swer­ing the call for more ef­fi­cient, sus­tain­able and en­joy­able trans­porta­tion ev­ery­where. The com­pany’s ve­hi­cles, ser­vices and, most of all, its em­ploy­ees make the com­pany a global leader in trans­porta­tion.

Lau­rent Beau­doin, Pierre Beau­doin, Alain Belle­mare, Joanne Bis­son­nette, J R An­dre Bom­bardier, Martha Finn Brooks, Jean-Louis Fon­taine, Sheila Sarah Mar­garet Fraser, Au­gust W Hen­ningsen, Pierre Mar­couiller, Vikram Pan­dit, Pa­trick Pichette, Car­los E Repre­sas, Antony N Tyler, Beatrice Weder di Mauro

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