Bombardier lands $1.1 billion EgyptAir deal


Bombardier sealed the second deal for its C series jet since reaching a landmark agreement with Airbus a few weeks ago that will result in the European aircraft maker taking control of the programme and helping revive the fortunes of the narrow-body aircraft.

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

EgyptAir is the national airline of Egypt. "That will take our firm order book to over 400 airplanes".

Bombardier has won a major order for its C Series aircraft from EgyptAir, worth at least $1bn. The deal is valued at $1.1 billion based on list prices.

Earlier this month, Bombardier also revealed it had secured orders for 31 aircraft from an unnamed European customer.

"We are respecting the customer's wishes to not disclose the identity", Cromer said from Dubai.

Bombardier's deal with EgyptAir follows signed agreements with Iraqi Airways, Bahrain's Gulf Air, among other Middle East regional carriers.

If the Egyptian airline buys all 24 aircraft the value of the contract could soar to almost $2.2 billion.

Bombardier is in the process of axing 280 jobs at its factories in the North, and the group is still fighting a ruling from the US Commerce Department that could see import duties of 300 per cent imposed on every CSeries aircraft sold in the US.