UPDATE (Bombardier NEWS Coming Afternoon Dubai Time Tuesday) - Near $1.1 Billion CSeries Deal With EgyptAir
Remember you read it first on Fliegerfaust on October 24 - link below
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By Frederic Tomesco , Julie Johnsson , and Lin Noueihed November 13, 2017, 2:19 PM EST
- Order follows Canadian planemaker's partnership with Airbus
- Last major purchase of new jetliner was in April 2016
October 24 News on Fliegerfaust
Bombardier Inc. is in advanced discussions with EgyptAir over a potential $1.1 billion order for C Series jets, adding to the program's momentum from a recent partnership with Airbus SE, people familiar with the matter said.
An agreement, which is likely to include a firm order for 12 CS300 jets, could be announced as early as Tuesday at the Dubai Air Show, said the people, who asked not to be named because the talks are private. Options to buy another dozen planes are also under discussion, said one of the people. There is no guarantee that a deal will be reached.
The purchase would give 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 aircraft had been plagued by delays and cost overruns, and recently was hit with potentially crushing tariffs in the U.S. after a trade complaint by Boeing Co.
For EgyptAir, the order is part of an expansion push after it weathered slumping tourist visits and a fatal crash last year. Egypt Civil Aviation Minister Sherif Fathy said last month that the government expected to pay about $3.3 billion to help its flag carrier acquire 45 planes and has been in talks with Airbus and Boeing.
Bombardier declined to comment for this story, and EgyptAir didn't respond to requests for comment.