EgyptAir signs letter of intent for up to 24 Bombardier CS300s

The Bombardier logo is seen at the Bombardier factory in Belfast Northern Ireland

Last month, Airbus agreed to take a majority stake in the C-Series project.

On Tuesday, the company announced that EgyptAir had signed a Letter of Intent for a 12-jet purchase with an option of 12 more.

He added that the two deals would bring Bombardier's firm CSeries orders to a total of more than 400 jets.

State-owned EgyptAir signed a letter (LOI) of intent on Tuesday to order 12 Bombardier CSeries jets valued at $1.1 billion at list prices. A U.S. trade commission will decide in early 2018 whether to impose duties of almost 300 percent on the planes as urged by the U.S. Commerce Department.




The Airbus deal should make Bombardier programme "strong", Musallam says, but it does not appear to have swayed the carrier's decision. Shares rose 2.3 percent to C$3.13 at 10:02 a.m.in Toronto. The two orders, the other for 31 planes from an undisclosed European buyer, are expected to be finalized by the end of 2017, a senior Bombardier executive said. That's a distinct turnaround, as prior to the deal Bombardier hadn't sealed a major purchase since Delta Air Lines Inc. ordered 75 planes in April 2016.

Davy Thompson, Unite's regional co-ordinating officer for Northern Ireland, said the latest order for 12 CS300 Bombardier aircraft from the EgyptAir Holding Company is a positive signal for Northern Ireland. Swiss and Air Baltic, which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal.

The shopping spree, following months of negotiations, marks an expansion push for Egypt's flag carrier after it weathered slumping tourist visits and a fatal crash previous year.

Related news:

Hot News

isis-killer-beheading-video-story-top Amazon surrenders cheapest bit of Chinese cloud
Nov 15, 2017 - 01:22
Amazon Web Services confirmed in a statement reported by WSJ that this move was meant to meet compliance requirements in China. In China, regulations require Amazon to operate via a local partner before offering the services to customers.

isis-killer-beheading-video-story-top IOS 11 update brings faster wireless charging
Nov 15, 2017 - 01:09
In that update, the phones will accept 7.5-watt charges on Qi charging pads , rather than the current 5 watts. You'll need the proper wireless charging pad to take advantage of the faster charging feature.

isis-killer-beheading-video-story-top 7 reasons why the Pixel 2 is better than the iPhone X
Nov 14, 2017 - 01:20
It seems that right now, Pixel 2 XL phones are having issues recognizing touches on the sides of the display. He revealed that Google is now working on a fix to solve the problem .

isis-killer-beheading-video-story-top 'Short and fat': Trump's North Korea bluster during Asia trip
Nov 14, 2017 - 01:14
His letter comes after the Pentagon claimed North Korea's nuclear arsenal could only be eliminated with a ground invasion. Trump sent out the tweet after he attended the Asia-Pacific Economic Cooperation (APEC) summit in Vietnam.

IPhone X Plus Launch Date Set For 2018
Nov 14, 2017 - 01:12
As Apple is known for providing solutions quickly to its customers, we hope the company would address this issue soon. It is also unclear as of now whether the issues faced are OLED-related or whether it is due to some other reason.

isis-killer-beheading-video-story-top Police investigate stabbing at Mall of America
Nov 14, 2017 - 01:05
Two people were stabbed at the nation's largest mall Sunday evening in what police say was an "interrupted theft". Officials identified him as Mahad Abdiaziz Abdirahaman , 20, according to a local CBS report.

isis-killer-beheading-video-story-top Iranian Foreign Ministry rejects Macron's call for missile talks
Nov 13, 2017 - 02:05
The French leader alleged that it was " obviously is an Iranian missile", which "shows precisely the strength of their program". The president passed the matter to the US Congress, giving lawmakers 60 days to decide whether to re-impose sanctions.

isis-killer-beheading-video-story-top 16 dead after boat capsizes in Andhra
Nov 13, 2017 - 02:00
Chief minister N Chandrababu Naidu expressed shock over the incident and directed the authorities to intensify rescue operations. Local media reports suggested the boat was overloaded with passengers and the buoyancy of water changed leading to the disaster.

isis-killer-beheading-video-story-top OnePlus 5T unboxed ahead of launch, compared with OnePlus 5
Nov 13, 2017 - 01:38
It is said to boast a bigger 6.0-inch Optic AMOLED FullView display having 18:9 aspect ratio and full-HD+ (1080x2160p) resolution. According to the images showing the review guide, the OnePlus 5T will sport a 16MP Sony IMX398 sensor along with f/1.7 aperture.

isis-killer-beheading-video-story-top N. Korea blasts Trump's 'warmonger' Asia tour
Nov 13, 2017 - 01:25
Trump followed up his freakish tweet by telling reporters that it would be a "good thing" for him and dictator to become friends. On Saturday Night Live , "Weekend Update" host Michael Che couldn't help but tackle the most-talked-about tweet of the night.

isis-killer-beheading-video-story-top Pogba predicted Martial return
Nov 12, 2017 - 02:20
However, the former Juventus man has stepped up his recovery in order to make himself available for selection against Newcastle. Carrick has featured only once for United this term, in the Carabao Cup clash against Burton Albion in Septemnber.

isis-killer-beheading-video-story-top Trump's ex-aide probed over plot to 'kidnap' Turkish cleric
Nov 12, 2017 - 02:16
Flynn is surrounded by allegations around his financial ties to Russian Federation and Turkey . Dana Rohrabacher (R-CA), who has often been described as " Putin's favorite congressman ".

isis-killer-beheading-video-story-top Electric shuttle bus returning to downtown Las Vegas roads
Nov 12, 2017 - 02:15
Wednesday, when it collided with a delivery truck on the 100 block of South Sixth Street, near Fremont Street. This shuttle bus can transport up to 15 people and was aimed to be used on the city's famous strip.

isis-killer-beheading-video-story-top Three US carriers lead naval drill aimed at N. Korea
Nov 12, 2017 - 02:15
President Trump is now on a tour of Asia that has taken him to Japan, South Korea and China so far. Pacific Fleet Commander Admiral Scott Swift described the training as a "rare opportunity".

isis-killer-beheading-video-story-top Teenage Mutant Ninja Turtles will appear as characters in Injustice 2
Nov 12, 2017 - 02:13
Injustice 2 features the DC universe's characters battling it, but having non-DC characters in-game is not unusual for the series. The reveal trailer does not show any gameplay sample yet, so it is hard to say how the action is with having all four characters.