DomBArDiEr CElEBrAtEs lAnDinG t1.7Bn DEAl For EGyptAir plAnEs
BOMBARDIER has been given an early Christmas present worth up to £1.7bn after landing a deal for as many as 24 of its jets, which are partly made in Belfast.
The Canadian-owned aerospace firm has secured a firm order for 12 of its CS300 passenger planes with EgyptAir, which has an option for a further dozen jets.
The deal, which is worth up to $2.2bn (£1.7bn), was revealed at the Dubai Airshow.
Safwat Musallam, chairman and chief executive of EgyptAir, said: “It is our pleasure to have this new partnership with Bombardier, which came as a continuation of our fleet modernisation strategy.
“We undertook a thorough evaluation process of our fleet and realised that the CS300 would fit perfectly into our business plans and growth strategy.
“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 Air-
Bombardier Commercial Aircraft president Fred Cromer (left) and Egyptair CEO Safwat Musallam sign the deal
bus will bring added support to the C Series program.”
Bombardier Commercial Aircraft President Fred Cromer said he was “thrilled that EgyptAir selected the CS300 aircraft to renew its fleet”.
“Bombardier’s 20-year market outlook foresees demand for 450 airplanes in the 60 to 150-seat category for the region and this LOI (letter of intent) confirms the need for right-sized aircraft in the Middle East,” he said.
“We are confident that our small single-aisle C Series is ideally-suited to serve the hot temperature
historic deal with its one-time rival.
He was speaking in Dubai after Airbus announced it is taking a majority stake in the C Series passenger planes, which are partly made in Belfast.
The future of some 4,000 jobs at Bombardier’s Northern Ireland sites has been threatened following a challenge by aerospace giant Boeing. That led to a preliminary ruling by the US Department of Commerce, which could see a 300% tax applied to all C Series sales to the US.
Speaking about the latest deals for Bombardier, and the claims the Belfast factory could supply Airbus, Martin Craigs, a former Shorts/Bombardier market man and ex-chief executive of Pacific Asia Travel Association (PATA), said: “A substantial repeat order for the C Series mixed with on the record comments of potential Airbus sub-contract work at this week’s Dubai Airshow is good reason for early Christmas celebration in Belfast.
“As predicted, media and industry commentators are going to have to get used to regularly digesting and amplifying good news from my former Short Brothers colleagues.”
East Belfast MP Gavin Robinson (below) said the new deal is “significant and shows the growing enthusiasm that surrounds the C Series jet”.
“This comes on the back of a letter of intent from a European company earlier in the month to purchase 61 C Series jets and of course the recent deal with Airbus,” he said.
“It shows that companies are giving Bombardier a vote of confidence and are willing to do business, given the ingenuity of the workforce here and the quality of aircraft produced,” the DUP MP added.
CharLes (Left) and James Valliday