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14/11/2017
EgyptAir Signs Deal With Bombardier
Bombardier has revealed that EgyptAir is planning to acquire up to 24 C-Series aeroplanes.
The announcement was made at the Dubai Airshow and the firm has signed a letter of intent (LOI).
EgyptAir has agreed to purchase 12 orders from Bombardier with the option for a further 12.
A firm-order contract would be valued at around $1.1 billion and is EgyptAir buys all 24 planes the contract value would increase to nearly $2.2 billion.
President Fred Cromer said: "We're thrilled that EgyptAir selected the CS300 aircraft to renew its fleet.
"Bombardier's 20-year market outlook foresees demand for 450 airplanes in the 60- to 150-seat category for the region and this LOI confirms the need for right-sized aircraft in the Middle East. We are confident that our small single-aisle C Series is ideally-suited to serve the hot temperature environments of the region and will undoubtedly provide performance and economics that will drive higher profitability."
(CD)
The announcement was made at the Dubai Airshow and the firm has signed a letter of intent (LOI).
EgyptAir has agreed to purchase 12 orders from Bombardier with the option for a further 12.
A firm-order contract would be valued at around $1.1 billion and is EgyptAir buys all 24 planes the contract value would increase to nearly $2.2 billion.
President Fred Cromer said: "We're thrilled that EgyptAir selected the CS300 aircraft to renew its fleet.
"Bombardier's 20-year market outlook foresees demand for 450 airplanes in the 60- to 150-seat category for the region and this LOI confirms the need for right-sized aircraft in the Middle East. We are confident that our small single-aisle C Series is ideally-suited to serve the hot temperature environments of the region and will undoubtedly provide performance and economics that will drive higher profitability."
(CD)
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