Overseas airline makes firm order for 12 C Series jets
Bombardier signs LOI for up to 24 CS300s with EgyptAir
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
(BBD) Shares: 313,900,549