Bombardier Inc. has signed a letter of intent to sell up to 24 CS300 aircraft to EgyptAir Holding Co.
EgyptAir, the flag carrier airline of Egypt, has signed a letter of intent for buying 24 CSeries aircraft from the Canadian aircraft maker Bombardier for a total price of almost 2.2 US billion dollars, EgyptAir said in a statement on Tuesday.
The purchase gives Bombardier another customer for its new jet less than a month after the company agreed to cede control of the C Series to Airbus in exchange for the European planemaker's marketing heft and manufacturing expertise.
The value of the agreement would increase to almost $2.2 billion if options to acquire a further 12 CS300s are exercised, the statement said.
To date, Bombardier is thought to have won orders for more than 400 of the C Series aircraft.
Bombardier has faced a series of problems over the plane, most recently a trade dispute in the USA that imposed a 300% import tariff.
The US trade department imposed tariffs of 300% on the C Series as it upheld a complaint from Boeing over subsidies the aircraft received from the Canadian and United Kingdom governments.
- Vodafone India revenue down over 13% due to price war, GST
- Not having meat reduces risk of heart disease by half, says study
- ASI caught on camera getting massage from woman home guard
- One-off satin black and gold McLaren 720S debuts in Dubai
- China is now the supercomputer capital of the world
- Amazon selling web services unit in China
- Chipotle Mexican Grill, Inc. (NYSE:CMG): Are Shares Undervalued?
- Special privileges to Dera chief Gurmeet Ram Rahim in Rohtak jail?
- White Florida Transgender Native Also Transracial, Identifies As Filipino
- Google Pixel 2 XL Touchscreen Issues To Be Fixed In Future Update