Bombardier lands a second CSeries win after Airbus backs jet

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Bombardier lands a second CSeries win after Airbus backs jet

EgyptAir has signed a a letter of intent for up to 24 CS300 aircraft which includes12 CS300 aircraft with purchase rights for an additional 12 aircraft. The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF).

"EgyptAir has signed a letter of intent for 12 CS300 aircraft, and will take options on a further 12", the statement added.

The CS300 is the larger version of Bombardier's C Series aircraft. The deal is valued at $1.1bn before discounts.

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. The agreement makes good on the company's expectations that the Airbus deal will bolster confidence in the program and accelerate sales.

Earlier this month an unnamed European airline said it meant to buy at least 31 of the C-Series planes.

EgyptAir is separately expected to unveil a deal for at least six Boeing's 787 Dreamliners, the first passenger jets made from strands of carbon fibre, said people familiar with the discussions.

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 in 2018.

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