EgyptAir signs $1.1 billion deal for 12 Bombardier CSeries jets

Bloomberg

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The agreements are expected to generate momentum for the narrowbody jets and follow an October decision by European planemaker Airbus SE to take a majority stake in the CSeries program, throwing its marketing and purchasing power behind the aircraft.

"But there are 3,000 other people employed in Bombardier that do not work on the CSeries - we need to see orders coming through for the other aircraft that keep these jobs in Northern Ireland", he said.

No Middle East customer has said when it would take delivery of CSeries jets. Cromer said both sales had already being under negotiation and were not the result of the Airbus venture.

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At the Dubai Airshow on Tuesday, EgyptAir signed a letter of intent for 12 firm and 12 optional C Series CS300 aircraft.

Earlier this month, Montreal-based Bombardier said an unidentified European customer was planning to buy 31 CSeries aircraft with options for 30 more.

Colin Bole, Bombardier's senior vice president of commercial aircraft, said there were no particular conditions or terms that needed to be met to finalize the two deals.

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The total list-price value of the deal rises to $2.2 billion if all options are exercised. The aircraft had been plagued by delays and cost overruns, and recently was hit with potentially crushing tariffs in the USA after a trade complaint by Boeing.

The U.S. Commerce Department has imposed harsh duties on Bombardier, charging the Canadian company of selling the C Series planes in America below cost and receiving government subsidies.

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