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

Chelsea West
November 15, 2017

Davy Thompson, Unite's regional co-ordinating officer for Northern Ireland, said the latest order for 12 CS300 Bombardier aircraft from the EgyptAir Holding Company is a positive signal for Northern Ireland.

EgyptAir Airlines plans to buy 12 of Bombardier's biggest variant of the jet, the CS300, and has options for a further 12, the carrier said on Tuesday at the Dubai Air Show.

Airbus has vowed to cut the aircraft's production costs and secure thousands of new orders for the C Series, which Bombardier spent more than $6bn to develop.

Bombardier did not immediately respond to a request for comment.

The EgyptAir LOI also includes purchasing options for a further 12 CSeries that, if exercised, would increase the total value of the deal to almost $2.2 billion. The company expects to deliver 20-22 C Series jets this year, an output impacted by engine delivery delays from Pratt & Whitney.

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The deal includes 12 additional aircraft with purchase rights.

That same day, Montreal-based Bombardier said an unidentified European customer was planning to buy 31 C Series aircraft with options for 30 more. By contrast, Airbus figures released in October show that it has received orders for more than 13,000 A320-family jets and delivered almost 8,000.

With the EgyptAir announcement, up to 85 new CSeries jets are covered by commitments disclosed since Bombardier agreed to transfer a majority stake in the small narrowbody programme to Airbus in a deal set be finalised in the second half of 2018.

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

Other reports by TheSundaySentinel

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