Falcon Aviation Signs LOI for CS300 Aircraft

Abu Dhabi-based Falcon Aviation Services has signed a Letter of Intent (LOI) with Bombardier Aerospace to acquire one CS300 aircraft with an option for another.

With this LOI, Falcon Aviation Services becomes the first customer for CSeries aircraft in the United Arab Emirates.

Based on the list price, a firm order for two CS300 aircraft would be valued at approximately US$156.5 million.

Falcon Aviation Services is based at Al Bateen Executive Airport and operates a fleet of corporate jets conducting VIP charter flights, as well as a fleet of helicopters serving the offshore oil and gas industry. The company also conducts search and rescue; aircraft management, maintenance, repair and overhaul; as well as consulting operations.

“The superb versatility of the CSeries aircraft will allow us to offer a unique aircraft configuration on our CS300 aircraft, specifically catering to business, corporate and elite travelers in the Middle East and connecting to North Africa, Europe and the Far East,” said Captain Mahmoud Ismael, Chief Operating Officer, Falcon Aviation Services. “We selected the CSeries aircraft because of its excellent range, exceptional economics and its outstanding cabin. All these factors, along with the strength of the Bombardier brand, position the CS300 aircraft exceedingly well for our business development plans versus its competition.”

Designed for the growing 100 to 149-seat market, the CSeries aircraft are powered by Pratt & Whitney PurePower PW1500G engines.