Aviation news analysis
50 SKY SHADES - World aviation news

EgyptAir Converts Letter of Intent to Firm Order for Bombardier C Series aircraft

Download: Printable PDF Date: 29 Dec 2017 07:21 categories:
Publisher:
EgyptAir Converts Letter of Intent to Firm Order for Bombardier C Series aircraft - Manufacturer publisher
Tatjana Obrazcova
Country: Canada Aircraft: Airplanes Airline: Egypt Air

Bombardier Commercial Aircraft and EgyptAir Holding Company announced that the parties have executed a firm agreement for the sale and purchase of 
12 CS300 aircraft along with purchase rights for an additional 12 CS300 aircraft.

EgyptAir’s Letter of Intent (LOI) was previously announced on November 14 during the 2017 Dubai Air Show.

“As we look back at the C Series successful entry in service, we are thrilled that its many achievements are paving the way to further success. Welcoming EgyptAir to the family of C Series operators is another landmark moment for Bombardier,” said Fred Cromer, President, Bombardier Commercial Aircraft. “The aircraft is performing exceptionally well, the industry recognizes the C Series as best in class, and this order from another well-established airline is testament to its tremendous value.”

This order will enable EgyptAir to better serve domestic and regional destinations as well as several European and African destinations.

“The CS300’s unique profitability profile will allow us to open up new opportunities and fits perfectly into our growth strategy,” said Safwat Musallam, Chairman and CEO, EgyptAir.” Our passengers will experience modern and best in class comfort, and we look forward to integrate this innovative and efficient aircraft to our fleet.”

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



Loading comments for EgyptAir Converts Letter of Intent to Firm Order for Bombardier C Series aircraft...


Recommended

Austrian Airlines A320 aircraft cabin upgrade performed by FACC

FACC is celebrating yet another milestone in Aftermarket Services under the motto "Get more space": At the beginning of 2019, the aerospace group received STC approval for its retrofit progr...

Arbus Corporate Jets is showing ACJ319 at EBACE

Airbus Corporate Jets (ACJ) is showing an ACJ319 at EBACE, giving potential customers the opportunity to see for themselves how they can fly in greater comfort and space than in traditional business j...

Historic Milestone of The Bermuda Aircraft Registry

Another Historic Miloestone we just have to mention - 900th aircraft in Bermuda Aircraft Registry ! Bermuda is home to the oldest and largest offshore Aircraft Registry. This registr...

First Embraer Praetor 600 Transatlantic Crossing, Powered by Sustainable Alternative Jet Fuel

Business aviation professionals are looking forward to see and to know better Embraer Praetor 600 at EBACE 2019. let's have a look at the journey this aircraft made to get to Geneva.The j...