Belfast Telegraph

Bombardier lands deal with EgyptAir for up to 24 C Series planes worth $2.2bn

By John Mulgrew

Bombardier has landed a potential £1.7bn deal for up to 24 of its part-Belfast made jets.

The Canadian-owned aerospace firm has secured a firm order for 12 of its CS300 passenger planes to EgyptAir, with the option for a further dozen jets.

The deal, according to book price, is worth up to $2.2bn (£1.7bn).

The sale was revealed at the Dubai Airshow.

Safwat Musallam, chairman and chief executive of EgyptAir, said:

“It is our pleasure to have this new partnership with Bombardier, which came as a continuation of our fleet modernization strategy.

“We undertook a thorough evaluation process of our fleet and realized that the CS300 would fit perfectly into our business plans and growth strategy,” said Safwat Musallam.

“We selected the C Series aircraft because its excellent range will allow us to best serve domestic and regional destinations, including neighbouring Arab cities, the Middle East as well as several European destinations.

“This is in addition to the CS300 aircraft’s exceptional economics and outstanding cabin. We look forward to expanding our network with the CS300 and we are happy to see that the partnership announced with Airbus will bring added support to the C Series program.”

And Bombardier's Fred Cromer, said: “We’re thrilled that EgyptAir selected the CS300 aircraft to renew its fleet.

“Bombardier’s 20-year market outlook foresees demand for 450 airplanes in the 60- to 150-seat category for the region and this LOI (letter of intent) confirms the need for right-sized aircraft in the Middle East.

“We are confident that our small single-aisle C Series is ideally-suited to serve the hot temperature environments of the region and will undoubtedly provide performance and economics that will drive higher profitability.”

Bombardier's sales boss said this week that its Northern Ireland operations could end up supplying Airbus following its historic deal with its one-time rival.

Fred Cromer was speaking in Dubai after Airbus announced it's taking a majority stake in the part-Belfast made C Series passenger planes.

The future of some 4,000 jobs at Bombardier's Northern Ireland sites has been threatened following a challenge by aerospace giant Boeing.

That led to a preliminary ruling by the US Department of Commerce, which could see a 300% tax applied to all C Series sales to the US.

Canadian-owned Bombardier produces the wings and part of the C Series fuselage in Belfast.

Bombardier has now linked up with Airbus, which has a plant in the US, in an attempt to avoid the crippling tariffs.

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