Bombardier Seals CSeries Deal with Iraqi Airways

Iraqi national carrier Iraqi Airways has signed a firm order for five Bombardier CSeries CS300s and reserved options on another 11, Bombardier announced last month. The firm order came only two weeks after the parties announced a letter of intent at the Dubai Airshow. Bombardier places the value of the order at some $387 million based on list prices. If Iraqi Airways exercises all its options, the value would rise to $1.26 billion.

Appearing in Dubai, Iraqi Airways CEO and director general Saad Al-Khafaji explained the airline would use the airplanes to serve secondary airports such as Basra and Najaf. “In Baghdad we use big aircraft, but in the other airports we’ll use aircraft that for us are normal size–150 seats or less,” he said.