Article from BTNews 20 NOVEMBER 2017
EgyptAir signs with Bombardier
Almost submerged in the competing Airbus and Boeing deals at the Dubai Air Show was an announcement by Egyptair that it had issued a letter of intent for up to 24 Bombardier CS300s to serve domestic and regional routes.
The deal, signed by Egyptair chairman and CEO Safwat Musallam and Bombardier Commercial Aircraft president Fred Cromer, is for 12 of the aircraft to become a firm order valued at US$1.1bn while the remaining 12 are purchase rights.
Musallam said: “This new partnership with Bombardier, a continuation of our fleet modernisation strategy, follows a thorough evaluation process … and we realised the CS300 would fit perfectly into our business plans and growth strategy.
“Its excellent range will allow us to best serve domestic and regional destinations, including neighbouring Arab cities, the Middle East and Europe. This is in addition to the aircraft’s exceptional economics and outstanding cabin.”
Cromer added: “Bombardier’s 20-year market outlook foresees demand for 450 airplanes in the 60- to 150-seat category for the region and this letter of intent confirms the need for right-sized aircraft in the Middle East.
“The small single-aisle C Series is ideally suited to serve hot temperature environments and will provide performance and economics that will drive higher profitability.”
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