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.
Co-Founder AirInsight. My previous life includes stints at Shell South Africa, CIC Research, and PA Consulting. Got bitten by the aviation bug and ended up an Avgeek. Then the data bug got me, making me a curious Avgeek seeking data-driven logic. Also, I appreciate conversations with smart people from whom I learn so much. Summary: I am very fortunate to work with and converse with great people.
