Bombardier expects to turn EgyptAir's letter of intent into a firm order by the end of 2017, commercial aircraft chief Fred Cromer told reporters on a conference call Tuesday from Dubai. The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF).
An order worth $1.1 billion for 12 Bombardier C-Series aircraft from Egypt's national airline is a welcome confidence boost for Bombardier's workforce in Northern Ireland, but the Canadian aerospace group needs to keeping winning major deals to keep production lines busy in the North, a union leader has warned.
The two agreements, which total 43 firm CSeries orders, are expected to generate momentum for the narrowbody jets and follow an October decision by Airbus SE to take a majority stake in the plane program.
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. In October, it said it would impose an 80 percent duty on top of duties of almost 220 percent on the aircraft, a benefit for rival Boeing.
The CS300 carries a list price of $89.5m, although discounts of 50% or more are common in the industry. Swiss and Air Baltic Corp., which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal. Airbus has also been in talks to secure a commitment from the carrier, the people said.