Mon, 8 Jan 2018

EgyptAir Signs Firm Order for 12 Bombardier CS300 Aircraft

EgyptAir has signed a firm order with Bombardier for 12 CS300 aircraft, with purchase rights for an additional 12 CS300s.

 The order is valued at approximately US$1.1 billion at list prices. Should EgyptAir decide to also take the 12 options, the contract value would increase to nearly US$2.2 billion.

“The CS300’s unique profitability profile will allow us to open up new opportunities and fits perfectly into our growth strategy,” said Safwat Musallam, Chairman and CEO, EgyptAir.” Our passengers will experience modern and best in class comfort, and we look forward to integrate this innovative and efficient aircraft to our fleet.”

EgyptAir CS300. Click to enlarge.

The aircraft will enable EgyptAir to better serve domestic and regional destinations as well as several European and African destinations.

“As we look back at the C Series successful entry in service, we are thrilled that its many achievements are paving the way to further success. Welcoming EgyptAir to the family of C Series operators is another landmark moment for Bombardier,” said Fred Cromer, President, Bombardier Commercial Aircraft. “The aircraft is performing exceptionally well, the industry recognizes the C Series as best in class, and this order from another well-established airline is testament to its tremendous value.”

EgyptAir signed a Letter of Intent for the aircraft at the Dubai Airshow in November 2017.

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