EgyptAir signs $1.1B deal for Bombardier CS300 jets
MONTREAL— Bombardier Commercial Aircraft says EgyptAir has signed a firm agreement to purchase a dozen CS300 aircraft along with purchase rights for an additional 12 of the aircraft.
EgyptAir’s letter of intent to buy the aircraft was announced Nov. 14 during the Dubai Air Show — about a month after Bombardier announced it would partner with Airbus to manufacture and market the C Series planes.
Bombardier executives said at the air show that EgyptAir had been looking at the C Series for some time but Airbus’s involvement provided it with additional confidence.
Based on the list price of the CS300, Bombardier says the contract is worth approximately $1.1 billion (U.S.) and would double to $2.2 billion should EgyptAir buy the other12 aircraft.
The C Series has also been ordered by Iraqi Airways, SaudiGulf Airlines and Gulf Air. Latvia’s airBaltic has had the CS300 in service for about a year and SWISS has been operating CS100s for nearly 18 months.
“Welcoming EgyptAir to the family of C Series operators is another landmark moment for Bombardier,” said Fred Cromer, president of Bombardier Commercial Aircraft.
In a separate announcement Friday, Bombardier said an unidentified customer has signed a firm order for six CRJ900 aircraft and options on six additional CRJ900 regional jets. The firm order was valued at $290 million, based on list prices.