EgyptAir signs $1.1 bln preliminary deal for 12 Bombardier CSeries jets

Bloomberg

The Egypt flag carrier is not the first CSeries customer in the Middle East, but it hopes to be the first operator.

EgyptAir chairman and CEO Safwat Musallam said the CS300 will be used for growth and for the replacement of smaller narrowbodies.

C-Series wings are made at Bombardier's Belfast operation, providing employment for about 1,000 people.

European plane maker Airbus SE recently agreed to take a majority stake in the C Series program, in exchange for Airbus's purchasing and marketing power and support for the aircraft that had few orders due to doubts over its future. Cromer said both sales had already being under negotiation and were not the result of the Airbus venture.

EgyptAir intends to buy up to 24 of Bombardier's C-Series planes, the aerospace firm has said.


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.

Bole said, "I think it's a great template and it's something that will be followed extremely closely by the other carriers in the region", he said.

The firm says the deal could be worth up to US$2.2 billion at list price if Egyptair orders all 24 aircraft.

The US trade department imposed tariffs of 300% on the C Series as it upheld a complaint from Boeing over subsidies the aircraft received from the Canadian and United Kingdom governments.

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