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


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

The U.S. Commerce Department has imposed harsh duties on Bombardier, charging the Canadian company of selling the C Series planes in America below cost and receiving government subsidies.

Airbus agreed in October to take a majority stake in Bombardier's CSeries jetliner program, and has said any CSeries jets intended for the USA market would be built at its production facility in Alabama, potentially allowing the planes to avoid punitive duties.

The agreement announced at the Dubai Airshow includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft. "That will take our firm order book to over 400 airplanes".

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 deal is valued at $1.1 billion before discounts.

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 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. The aircraft had been plagued by delays and cost overruns, and recently was hit with 300 percent tariffs in the USA after a trade complaint by Boeing.