Bombardier signs deal to sell up to 24 C Series jets to EgyptAir

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Trade announced at a news conference at the Dubai Airshow could be worth $1.4B to $2.8B

By Pete Evans, CBC Advice Posted: Nov 14, 2017 7:16 AM ET Last Updated: Nov 14, 2017 9:08 AM ET

Bombardier Inc. has fixed a letter of intent from EgyptAir for the purchase of up to 24 of the Montreal-based companionship’s larger C Series aircraft, the CS300.

The transportation giant announced the news at the Dubai Airshow, where the crowd said the deal is a firm order for 12 of the jets, plus an election to buy an additional 12.

The 130- to 160-seat jet has a list price of $89.5 million US, so procuring 12 of them would cost almost $1.1 billion on tract, although Egypt’s national airline would likely have availed less than that.

It’s the second order for the planes since Bombardier consigned a deal with Airbus last month to give half its C Series establishment to Airbus, to take advantage of their marketing and manufacturing clout. 

That spur came after U.S. rival Boeing successfully managed to get tariffs of up to 300 per cent placed on Bombardier’s jets sold in the U.S.

Bombardier hasn’t landed a firm indecorous for its jets in calendar 2017 and is facing a growing backlog on delivering the ones it has already sold.

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