EGYPTAIR signs LoI for up to 24 Bombardier C Series

EGYPTAIR signs LoI for up to 24 Bombardier C Series

EGYPTAIR has signed a Letter of Intent with Bombardier for the delivery of up to 24 C Series aircraft.

The deal is split between 12 orders, and 12 purchase rights for the CS300 version.

If all aircraft are delivered, the deal would be worth up to $2.2 billion. The deal was announced during the 2017 Dubai Air Show.

“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, chairman and CEO of EGYPTAIR.

EGYPTAIR says it will use the C Series aircraft as part of its fleet renewal for domestic and regional aircraft.

Currently the airline’s Express division flies 12 Embraer E175s, with the oldest aircraft being 12 years old.

“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, and several European destinations,” said Musallam. “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.”

Alud Davies
By Alud Davies November 16, 2017 14:53