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Bombardier clinches $1bn order from EgyptAir

14 November 2017

‍Bombardier says ‍based on the list price of a CS300 airliner, a firm-order contract would be valued at approximately $1.4-billion.

Bombardier on Tuesday said EgyptAir signed a letter of intent to purchase up to 24 of the plane maker's CS300 aircraft.

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. "We are confident that our small single-aisle C Series is ideally-suited to serve the hot temperature environments of the region".

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Egyptair CEO Safwat Musallam said during a press conference at the Dubai Airshow that the order is part of the airline's fleet modernisation strategy.

The previous sale covered 31 aircraft for an unidentified European client.

The CS300 is the larger version of Bombardier's C Series aircraft.

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Bombardier in October ceded control of the CSeries to Airbus, abandoning hope of ascending into the top echelons of passenger aircraft manufacturing alongside rivals Airbus and Boeing, but securing U.S. market access for its new jetliners.

Bombardier Inc sealed the second deal for its C Series jet since reaching a landmark agreement with Airbus SE a few weeks ago that will see the European planemaker take control of the program and help revive the fortunes of the narrow-body plane.

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Bombardier clinches $1bn order from EgyptAir