Well, after a little teasing last night, it seems Bombardiers C Series programme has snagged a customer, with EgyptAir signing a Letter of Intent to purchase for up to 24 C Series aircraft
The Letter of Intent calls for 12 CS300 aircraft as part of an order, with purchase rights for a further twelve.
At list prices, a firm-order like this would be worth US$1.1 Billion at list prices. Should the purchase rights be exercised, this doubles to US$2.2 Billion (at list price)
On the signing agreement Safwat Musallam (CEO, EgyptAir) states:
“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.”
Bombardier are happy too, with Fred Cromer, (President, Bombardier Commercial Aircraft) stating
“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.”
This is an important win fort he C Series and a vote for the type that has reasonable feedback of being a good aircraft. With the backing of Airbus, it was only time before more orders started heading the C Series way.
And this hopefully will be the first of many.
Welcome to Economy Class and Beyond – Your no-nonsense guide to network news, honest reviews, with in-depth coverage, unique research as well as the humour and madness as I only know how to deliver.