EgyptAir signs deal with bombardier to buy 24 CSeries aircraft

EgyptAir signs deal with bombardier to buy 24 CSeries aircraft

EgyptAir signs deal with bombardier to buy 24 CSeries aircraft

Bombardier sealed the second deal for its C series jet since reaching a landmark agreement with Airbus a few weeks ago that will result in the European aircraft maker taking control of the programme and helping revive the fortunes of the narrow-body aircraft. The two orders, the other for 31 aircraft from an undisclosed European buyer, are expected to be finalized by the end of 2017, a senior Bombardier executive said.

Canadian commercial aircraft manufacturer Bombardier on Tuesday announced a deal for 12 CS300 aircraft with EgyptAir at an estimated cost of $1.1 billion (Dh4 billion).

"EgyptAir has signed a letter of intent for 12 CS300 aircraft, and will take options on a further 12", the statement added.

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

Bombardier has faced a series of problems over the plane, most recently a trade dispute in the United States that imposed a 300% import tariff. The agreement makes good on the company's expectations that the Airbus deal will bolster confidence in the program and accelerate sales. That's a distinct turnaround, as prior to the deal Bombardier hadn't sealed a major purchase since Delta Air Lines Inc. ordered 75 planes in April 2016.

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