Bombardier lands $1.1 billion EgyptAir deal

Gladys Abbott
November 15, 2017

Bombardier Commercial Aircraft president Fred Cromer expects the order to be made firm by the end of this year.

Davy Thompson, Unite's regional co-ordinating officer for Northern Ireland, said the latest order for 12 CS300 Bombardier aircraft from the EgyptAir Holding Company is a positive signal for Northern Ireland.

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

Airbus agreed in October to take a majority stake in Bombardier's CSeries jetliner program, and has said any CSeries jets intended for the US market would be built at its production facility in Alabama, potentially allowing the planes to avoid punitive duties.

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EgyptAir intends to buy up to 24 of Bombardier's C-Series planes, the aerospace firm has said. The deal is valued at $1.1bn before discounts.

Bombardier is engaged in a trade dispute with Boeing, which complained that the CSeries had been subsidized and sold below cost in the United States.

Earlier this month, Bombardier also revealed it had secured orders for 31 aircraft from an unnamed European customer.

The CS300 carries a list price of $89.5 million, although discounts of 50 percent or more are common in the industry. Swiss and Air Baltic, which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal.

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