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Bombardier Signs Contract with EgyptAir

During the Dubai Airshow, Bombardier announced that it has signed a letter of intent for up to 24 CS300 aircrafts with EgyptAir.

Based on the list price of the CS300 airliner, a firm-order contract would be valued at USD1.1 billion, but also if the airline exercises the 12 purchase rights for CS300 aircraft, the contract value would increase to USD2.2 billion.

“It is our pleasure to have this new partnership with Bombardier, which came as a continuation of our fleet modernisation strategy. We undertook a thorough evaluation process of our fleet and realised that the CS300 would fit perfectly into our business plans and growth strategy,” said Safwat Musallam, chairman, EgyptAir.