Categories Bombardier

Bombardier LoI with EgyptAir

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Bombardier announced at the Dubai Airshow, that it signed an LOI for up to 24 CS300 aircraft with EgyptAir Holding Company, of Cairo. This includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft.

Based on the list price of the CS300, a firm-order contract would be valued at approximately $1.1 bn. Should EgyptAir exercise the 12 purchase rights for CS300 aircraft, the contract value would increase to nearly $2.2bn.

This deal, along with an earlier announced deal with no customer named, is expected to be firmed by year end.  The two deals should generate 43 firm orders for the C Series.  Reuters reports that EgyptAir Chairman Safwat Moslem told a Dubai Airshow news conference the CS300 aircraft would be used by the airline’s domestic and regional carrier EgyptAir Express.

© 2017, Addison Schonland. All rights reserved.

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