Bombardier, EgyptAir strike deal for up to 24 C Series jets

Bloomberg

Cromer said both sales had already being under negotiation and were not the result of the Airbus venture.

After the decision, Bombardier sold a majority stake in its C Series jet business to European aerospace giant Airbus for no cost.

To date, Bombardier is thought to have won orders for more than 400 of the C Series aircraft.

EgyptAir, the flag carrier airline of Egypt, has signed a letter of intent for buying 24 CSeries aircraft from the Canadian aircraft maker Bombardier for a total price of almost 2.2 US billion dollars, EgyptAir said in a statement on Tuesday.

"It would be hard to wish for a better carrier to establish our presence in the region", Bole said in a conference call with reporters from Dubai. Egypt civil aviation minister Sherif Fathy said in October that the government expected to pay about $3.3bn of the cost to acquire 45 aircraft.

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.

We're thrilled that EgyptAir selected the CS300 aircraft to renew its fleet.

Bombardier said, earlier this month, that it received a letter of intent from an unnamed European customer for 31 firm CSeries orders.

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

Nonetheless, Cromer said Bombardier is developing contingency plans if high tariffs continue to be applied on aircraft manufactured in Canada and delivered to the U.S. "And in the meantime we're working with Delta - having announced our assembly line in Alabama - to ultimately deliver aircraft from Mobile to our customers in the United States".

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