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14/11/2017

EgyptAir Signs Deal With Bombardier

Bombardier has revealed that EgyptAir is planning to acquire up to 24 C-Series aeroplanes.

The announcement was made at the Dubai Airshow and the firm has signed a letter of intent (LOI).

EgyptAir has agreed to purchase 12 orders from Bombardier with the option for a further 12.

A firm-order contract would be valued at around $1.1 billion and is EgyptAir buys all 24 planes the contract value would increase to nearly $2.2 billion.
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President 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 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."

(CD)

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