Bombardier announces agreement with EgyptAir for up to 24 CS300 aircraft

Chet Fuller Bombardier Aerospace's chief of sales and marketing exits a mock-up of a CSeries aircraft cabin at Bombardier Inc.'s manufacturing facility in Saint Laurent Que. on Feb. 24 2011. Montreal-based Bombardier has signed a letter of

Cromer said both sales had already being under negotiation and were not the result of the Airbus venture.

Less than a month after Airbus agreed to rescue Bombardier's struggling C Series jet program, Bombardier has announced a second order for the narrowbody passenger plane.

EgyptAir Airlines plans to buy 12 of Bombardier's biggest variant of the jet, the CS300, and has options for a further 12, the carrier said on Tuesday at the Dubai Air Show. "That will take our firm order book to over 400 airplanes". The deal is valued at $1.1bn before discounts.

"It would be hard to wish for a better carrier to establish our presence in the region", Bole said in a conference call with reporters from Dubai.

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

The LOI was signed by Safwat Musallam, Chairman and CEO of EgyptAir Holding Company, and Fred Cromer, President, Bombardier Commercial Aircraft, in the presence of the Minister of Civil Aviation of Egypt, Sherif Fathi.

"It's a great template and it is something that will followed extremely closely by the other carriers in the regions and the sub regions in the area".

Bombardier is engaged in a trade dispute with Boeing, which complained that the CSeries had been subsidized and sold below cost in the United States. In October, it said it would impose an 80 percent duty on top of duties of almost 220 percent on the aircraft, a benefit for rival Boeing.

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