in Aerospace

Dubai Airshow: Bombardier signs with EgyptAir for up to 24 CS300s

Posted 14 November 2017 · Add Comment

Bombardier Commercial Aircraft announced today from the Dubai Airshow, that it has signed a letter of intent (LoI) for up to 24 CS300 aircraft with EgyptAir Holding Company, of Cairo.



This includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft.

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



In the presence of His Excellency Minister of Civil Aviation of Egypt Mr. Sherif Fathi, a press conference was held at the Dubai Airshow where Safwat Musallam, Chairman and CEO of EgyptAir Holding Company and Fred Cromer, President, Bombardier Commercial Aircraft celebrated the signature of the letter of intent, which opens a new chapter in the relationship between the two companies.

“It is our pleasure to have this new partnership with Bombardier, which came as a continuation of our fleet modernisation strategy. We undertook a thorough evaluation process of our fleet and realised that the CS300 would fit perfectly into our business plans and growth strategy,” said Safwat Musallam.

“We selected the C Series aircraft because its excellent range will allow us to best serve domestic and regional destinations, including neighbouring Arab cities, the Middle East as well as several European destinations. This is in addition to the CS300 aircraft’s exceptional economics and outstanding cabin. We look forward to expanding our network with the CS300 and we are happy to see that the partnership announced with Airbus will bring added support to the C Series programme.”

“We’re thrilled that EgyptAir selected the CS300 aircraft to renew its fleet,” said Fred Cromer. “Bombardier’s 20-year market outlook foresees demand for 450 airplanes in the 60- to 150-seat category for the region and this LoI confirms the need for right-sized aircraft in the Middle East. We are confident that our small single-aisle C Series is ideally-suited to serve the hot temperature environments of the region and will undoubtedly provide performance and economics that will drive higher profitability.”

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Space telescope tackles skills shortage

The skills gap in the UK has been delivered a fresh blow after a team of engineering students from Sheffield University - with a little help from Harmonic Drive UK - successfully launched a new solar telescope mounted on a high-altitude

SSTL ships CARBONITE-2 and Telesat's LEO-1 for PSLV launch

Surrey Satellite Technology Ltd (SSTL) has shipped two small satellites, CARBONITE-2 and LEO-1, to India in preparation for a late December launch on ISRO's Polar Satellite Launch Vehicle (PSLV) from the Sriharikota launch site.

Kelvin Hughes secures SharpEye order for Pakistan Navy Submarine

Following the announcement in February 2017 that Kelvin Hughes will be supplying the SharpEye Doppler submarine radar system to the mid-life upgrade programme for the Pakistan Navy's Agosta 90B-class (also known as the Khalid class

SSTL and Astroscale team up for Orbital Debris Removal missions

Astroscale Pte. Ltd. (Astroscale) and Surrey Satellite Technology Ltd (SSTL), have signed a Memorandum of Understanding to pursue joint opportunities in areas of innovative on-orbit technologies and missions designed to safeguard

BMT strengthens defence team

BMT today announced the appointment of Matthew Hart who will join the organisation's business development team.

SEA to showcase DECKsim at MITSG

Cohort company SEA has been invited to outline the latest developments in portable training options for Flight Deck Officers (FDOs) at a meeting of the Maritime International Training Support Group (MITSG), to be held as a precursor to

SMI NCWSK2011171217
See us at
FIL18 BT111017220718SMI NCWBT3110020218Aviation Africa BT18418