Aircraft
Bombardier Inks LOI for 24 C Series Jets with Egyptair
Canadian manufacturer expects to conclude firm deal for 12 of the airplanes by the end of the year
Bombardier Commercial Aircraft president Fred Cromer (left) and Egyptair CEO Safwat Musallam sign the ceremonial contract papers for an LOI covering 24 C Series CS300s. (Photo: David McIntosh)
Bombardier Commercial Aircraft president Fred Cromer (left) and Egyptair CEO Safwat Musallam sign the ceremonial contract papers for an LOI covering 24 C Series CS300s. (Photo: David McIntosh)

Bombardier secured a letter of intent from Egyptair covering 24 C Series CS300 narrobodies at the Dubai Airshow Tuesday, less than a month after Airbus announced its intention to take a majority stake in the program. The contract stipulates an eventual firm order for 12 airplanes worth $1.1 billion and purchase rights on another 12. With the commitment, Egyptair becomes Bombardier’s second C Series customer in the Middle East, a market where it historically has struggled to place its CRJ regional jets and Q400 turboprops.