Bombardier, EgyptAir strike deal for up to 24 C Series jets

A model of Bombardier C Series aeroplane is seen in the Bombardier offices in Belfast Northern Ireland

EgyptAir Chairman Safwat Moslem told a Dubai Airshow news conference on Tuesday the CS300 aircraft, which seat 130 passengers, would be used by the airline's domestic and regional carrier EgyptAir Express. The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF). Bombardier Commercial Aircraft president Fred Cromer expects the order to be made firm by the end of this year.

The Egypt flag carrier is not the first CSeries customer in the Middle East, but it hopes to be the first operator.

After the decision, Bombardier sold a majority stake in its C Series jet business to European aerospace giant Airbus for no cost. The deal is valued at $1.1 billion before discounts.

That same day, Montreal-based Bombardier said an unidentified European customer was planning to buy 31 C Series aircraft with options for 30 more.

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. Swiss and Air Baltic, which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal.

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.

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