EgyptAir signs for up to 24 Bombardier CS300


Montreal - On November 14, Bombardier signed a letter of intent with EgyptAir for 12 CS300, with purchase rights for an additional 12 aircraft.

Concluded at the Dubai Air Show, this agreement is the second deal signed by Bombardier since the announcement of its partnership with Airbus in October. Earlier this month, the Canadian aircraft manufacturer revealed an agreement for up to 61 C Series with an undisclosed European customer.

In its 20-year market forecast, Bombardier expects a demand for 450 aircraft with 60 to 150 seats in the Middle East.

The partnership with Airbus seems to play a key role in the decision of EgyptAir. "We look forward to expanding our network with CS300 aircraft and we are pleased to see that the announced partnership with Airbus will provide additional support for the C Series," Safwat Musallam, the President and CEO of the Egyptian national company, said in a statement.

The order is valued at approximately $ 1.1 billion for the twelve CS300s at list price. It could reach nearly 2.2 billion if EgyptAir materializes its rights to purchase the twelve additional aircraft.

Deliveries are scheduled for 2018, according to Pratt & Whitney, whose PurePower Geared Turbofan (GTF) engines power the C Series.

The agreement is part of the Egypt Air's fleet modernization. "After a detailed evaluation, we realized that the CS300 aircraft was perfectly suited to our business plans and growth strategy," said Safwat Musallam.

"We selected the C Series aircraft because of its excellent autonomy, perfectly adapted to serve the neighboring Arab cities, the Middle East and several European destinations at the national and regional levels; and that in addition to the extraordinary economic characteristics of the CS300 aircraft and its exceptional cabin," he continued.

In its 20-year market forecast, Bombardier expects a demand for 450 aircraft with 60 to 150 seats in the Middle East.

"We are confident that our small C Series single-aisle aircraft are ideally suited to the region's high-temperature environments and will deliver performance and significant economic benefits to increase airline profitability," said Fred. Cromer, president of Bombardier Commercial Aircraft.

Established May 7, 1932 and based in Cairo, EgyptAir serves more than 70 destinations and covers approximately 60 countries. She has been a Star Alliance member since July 2008. Her fleet currently includes three Airbus A320s, four A321s, six A330-200s, four A330-300s, 28 Boeing 737-800s, two 777-200ERs and six 777-300ERs.