Bombardier sells 12 planes to EgyptAir

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

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

EgyptAir's letter of intent for 12 firm Bombardier CS300s jets announced on Tuesday is valued at $1.1 billion, according to a Bombardier statement.

It represents another shot in the arm for Bombardier, which last month signed an agreement with Airbus to take a majority stake in its aircraft programme as it faced the prospect of punishing United States tariffs.

"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", EgyptAir Chairman and CEO Safwat Musallam said.

Bombardier said, earlier this month, that it received a letter of intent from an unnamed European customer for 31 firm C Series orders.

If EgyptAir also exercises the 12 purchase rights, the contract value would double to roughly $2.8 billion.

Through its recent agreement with Airbus, Bombardier plans to get around swingeing US tariffs on imports of the C Series by constructing aircraft at Airbus' US factory.

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