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Bombardier clinches $1bn order from EgyptAir

Bombardier clinches $1bn order from EgyptAir

To date, Bombardier is thought to have won orders for more than 400 of the C Series aircraft.

Bombardier is closing in on the second deal for its CSeries jet since reaching a landmark agreement with Airbus a few weeks ago that will see the European planemaker take control of the program to help revive the plane's fortunes.

Canadian plane-and-train-maker Bombardier Inc is in advanced talks with EgyptAir over a potential $1.1 billion order for CSeries jets, Bloomberg reported, citing people familiar with the matter.

The agreement includes a firm order for 12 CS300 jets with purchase rights for another 12 aircraft, which would boost the value of the agreement to $2.2 billion if exercised, the company said on Tuesday.




He added that the new partnership with Bombardier emphasized the future vision for the Middle East and Africa, and will fulfill the market demands.

Bombardier has faced a series of problems over the plane, most recently a trade dispute in the USA that imposed a 300% import tariff.

A US trade commission will decide in early 2018 on whether to impose duties of almost 300 percent on the CSeries, after Boeing complained the planes had been subsidised and sold below cost in the United States. The jet, the larger of two C Series versions, can carry 130 to 160 passengers.

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 previous year. Egypt civil aviation minister Sherif Fathy said in October that the government expected to pay about $3.3bn of the cost to acquire 45 aircraft.


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