EgyptAir Signs Deal With Bombardier

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

Mr Thompson said Bombardier's CSeries aircraft programme now accounts for 1,000 jobs in the North and every order is welcome.

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.

Sherif Fathi, Minister of Civil Aviation of Egypt, Safwat Musallam, chairman and CEO of EgyptAir Holding Company, and Fred Cromer, president, Bombardier Commercial Aircraft, announced the deal at the Dubai Airshow. Cromer said both sales had already being under negotiation and were not the result of the Airbus venture.

Bombardier and Airbus could argue they are importing parts, like the wing from Northern Ireland, to be assembled in the United States.

Bombardier has signed a letter of intent for up to 24 CS300 aircraft with Egyptair, which includes an initial 12 planes and purchasing rights for another 12.

Earlier this month, Bombardier also revealed it had secured orders for 31 aircraft from an unnamed European customer.

Bole said, "I think it's a great template and it's something that will be followed extremely closely by the other carriers in the region", he said.

The total list-price value of the deal rises to $2.2 billion if all options are exercised.

Bombardier is in the process of axing 280 jobs at its factories in the North, and the group is still fighting a ruling from the US Commerce Department that could see import duties of 300 per cent imposed on every CSeries aircraft sold in the US.

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