EgyptAir Signs Deal With Bombardier

15 November, 2017, 01:22 | Author: Lester Mason
  • Bombardier Sales

The agreements are expected to generate momentum for the narrowbody jets and follow an October decision by European planemaker Airbus SE to take a majority stake in the CSeries program, throwing its marketing and purchasing power behind the aircraft.

EgyptAir has agreed to purchase 12 orders from Bombardier with the option for a further 12.

As of September 30, Bombardier had taken 360 total orders for CS100s and CS300s, and delivered just 19. The deal is valued at $1.1bn before discounts.

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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EgyptAir Holding has signed a Letter of Intent (LOI) with Bombardier (BBA, Montréal Trudeau) for twelve firm CS300s with purchase rights for an additional twelve of the type.

EgyptAir Chairman Safwat Moslem told a Dubai Airshow news conference the CS300 aircraft would be used by the airline's domestic and regional carrier EgyptAir Express.

The CS300 carries a list price of $89.5m, although discounts of 50% or more are common in the industry. The CSeries was two-and-a-half years late and more than $2 billion over budget when it entered service at Deutsche Lufthansa AG's Swiss unit in July 2016. Swiss and Air Baltic, which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal. Airbus has also been in talks to secure a commitment from the carrier, the people said.

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