EgyptAir in deal to buy 24 Bombardier C-Series planes

Andrew Cummings
November 14, 2017

"We undertook a thorough evaluation process of our fleet and realised that the CS300 would fit perfectly into our business plans and growth strategy", EgyptAir CEO Safwat Musallam said in the statement.

The purchase gives Bombardier another customer for its new jet less than a month after the company agreed to cede control of the C Series to Airbus in exchange for the European planemaker's marketing heft and manufacturing expertise.

"We anticipate both of them by year end", Commercial Aircraft President Fred Cromer told reporters.

The airline has signed a letter of intent for 12 firm orders, with an option for a further twelve. That would raise the number of firm C Series orders to more than 400. The deal is valued at $1.1bn before discounts.

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

"We are respecting the customer's wishes to not disclose the identity", Cromer said from Dubai.

EgyptAir is separately expected to unveil a deal for at least six Boeing 787 Dreamliners, the first passenger jets made from lightweight carbon-fiber composites, said people familiar with the discussions.

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.

Bombardier in October ceded control of the CSeries to Airbus, abandoning hope of ascending into the top echelons of passenger aircraft manufacturing alongside rivals Airbus and Boeing, but securing United States market access for its new jetliners.

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