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

Adjust Comment Print

EgyptAir, the flag carrier airline of Egypt, has signed a letter of intent for buying 24 CSeries aircraft from the Canadian aircraft maker Bombardier for a total price of almost 2.2 US billion dollars, EgyptAir said in a statement on Tuesday. The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF).

The agreement announced at the Dubai Airshow includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft.


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

The Egypt flag carrier is not the first CSeries customer in the Middle East, but it hopes to be the first operator. In October, it said it would impose an 80 percent duty on top of duties of almost 220 percent on the aircraft, a benefit for rival Boeing. The agreement makes good on the company's expectations that the Airbus deal will bolster confidence in the program and accelerate sales.


Airbus has vowed to cut the aircraft's production costs and secure thousands of new orders for the plane, which Bombardier spent more than $6 billion to develop. The C Series was two-and-a-half years late and more than $2bn over budget when it entered service at Deutsche Lufthansa's Swiss International unit in July 2016.


Comments