EgyptAir to order up to 24 CS300 aircraft

By: Theo Nichols

November 15, 2017

EgyptAir CS300, Credit: EgyptAir

EgyptAir signed a letter of intent to buy 12 CS300 aircraft with purchase rights for an additional 12 aircraft. The deal, worth $1.1 billion at list prices, is expected to be firmed up by the end of the year.

EgyptAir plans on using the CS300 to bolster its regional carrier EgyptAir Express, which currently operates a fleet of 12 Embraer 170LR aircraft.

“We selected the C Series aircraft because its excellent range will allow us to best serve domestic and regional destinations, including neighboring Arab cities, the Middle East as well as several European destinations. This is in addition to the CS300 aircraft’s exceptional economics and outstanding cabin. We look forward to expanding our network with the CS300 and we are happy to see that the partnership announced with Airbus will bring added support to the C Series program,” said Safwat Musallam, Chairman and CEO of EgyptAir.

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The EgyptAir order is a victory for Bombardier and the CSeries program, which has struggled to attract orders. With the backing of Airbus, which recently announced a preliminary agreement to acquire a majority stake in the CSeries program, orders for the CSeries are expected to start gaining steam. Currently, there are over 360 total orders for CSeries aircraft with 19 having been delivered.

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