Bombardier, EgyptAir strike deal for up to 24 C Series jets


It is the first order for the C Series since the surprise announcement in October that Airbus was taking a majority stake in the programme.

Egypt Air, the North African country's national carrier, inked a $1.1 billion deal with Canada's Bombardier for 12 mix-range jets with the option to buy additional aircraft.

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From the sidelines of the Dubai Airshow, the President of Bombardier Commercial Aircraft, Fred Cromer, together with the CEO of EgyptAir Holding Company, Safwat Musallam, celebrated the signature of a letter of intent for a maximum of 24 CS300 aircraft. "We look forward to expanding our network with the CS300 and we are happy to see that the partnership announced with Airbus will bring added support to the C Series program".

Earlier this month an unnamed European airline said it meant to buy at least 31 of the C-Series planes.

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The CS300 carries a list price of $89.5m, although discounts of 50% or more are common in the industry. The aircraft can carry 130 to 160 passengers. 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. Airbus has also been in talks to secure a commitment from the carrier, the people said. Egypt Civil Aviation Minister Sherif Fathy said last month that the government expected to pay about $3.3 billion of the cost to acquire 45 planes.

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