EgyptAir signs $1.1 bln deal for 12 Bombardier CSeries jets

Sherif Fathi, Minister of Civil Aviation of Egypt, Safwat Musallam, chairman and CEO of EgyptAir Holding Company, and Fred Cromer, president, Bombardier Commercial Aircraft, announced the deal at the Dubai Airshow.

State-owned EgyptAir on Tuesday signed an initial order for 12 Bombardier CSeries jets, marking the Canadian plane maker's second deal for its largest planes this month - agreements that end an 18-month drought of no sales of the aircraft. "That will take our firm order book to over 400 airplanes".

EgyptAir has signed a letter of intent for up to 24 Bombardier CS300s at the Dubai Air Show.

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

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.

‍Bombardier says ‍based on the list price of a CS300 airliner, a firm-order contract would be valued at approximately $1.4-billion. The aircraft had been plagued by delays and cost overruns, and recently was hit with 300% tariffs in the USA after a trade complaint by Boeing Co. In October, it said it would impose an 80 percent duty on top of duties of almost 220 percent on the aircraft, a benefit for rival Boeing.

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