EgyptAir finalizes its letter of intent for 12 Bombardier CS300
Montreal - EgyptAir finalized a firm order with Bombardier for 12 CS300 with purchase rights for 12 additional aircraft.
The contract was announced on December 29 by the Canadian aircraft manufacturer and represents a value of $1.1 billion, $2.2 billion if EgyptAir exercises its purchase rights.
The order confirms the letter of intent signed by the Egyptian national airline operator in mid-November at the Dubai Air Show.
The order from another reputable airline is the testament to the great value of the C Series aircraft that delivers a level of performance beyond initial expectations,said Fred Cromer, the president of Bombardier Commercial Aircraft
EgyptAir intends to use its CS300 to better serve its regional network as well as several destinations in Europe and Africa.
The CS300's unique profitability profile will enable us to open new routes and integrate seamlessly with our growth strategy,said Safwat Musallam, President and CEO of EgyptAir.
Our passengers will enjoy modern and unmatched comfort. We look forward to integrating this innovative and powerful aircraft into our fleet,he added.
EgyptAir is modernizing its fleet. At the last Dubai Air Show, the company also entered into two long-term leasing agreements with AerCap, one for fifteen Airbus A320neo and the other for six Boeing 787-9.
Established May 7, 1932 and based in Cairo, EgyptAir serves more than 70 destinations and covers approximately 60 countries. It has been a Star Alliance member since July 2008. Its fleet currently includes three Airbus A320, four A321, six A330-200, four A330-300, 28 Boeing 737-800, two 777-200ER and six 777-300ER.