Egyptair to buy 12 Bombardier aircraft

The Bombardier logo is seen at the Bombardier factory in Belfast Northern Ireland

The Bombardier logo is seen at the Bombardier factory in Belfast Northern Ireland

The agreement announced at the Dubai Airshow includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft.

Canadian commercial aircraft manufacturer Bombardier on Tuesday announced a deal for 12 CS300 aircraft with EgyptAir at an estimated cost of $1.1 billion (Dh4 billion).

Bombardier has faced a series of problems over the plane, most recently a trade dispute in the U.S. that imposed a 300% import tariff.

Bombardier said, earlier this month, that it received a letter of intent from an unnamed European customer for 31 firm CSeries orders. Its presence is "adding confidence about the long-term success of the program", he said November 2.

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Bombardier Commercial Aircraft President Fred Cromer said the deal "confirms the need for right-sized aircraft in the Middle East".

To date, Bombardier is thought to have won orders for more than 400 of the C Series aircraft. The jet, the larger of two C Series versions, can carry 130 to 160 passengers.

Through its recent agreement with Airbus, Bombardier plans to get around swingeing US tariffs on imports of the C Series by constructing aircraft at Airbus' US factory. The C Series was two-and-a-half years late and more than $2 billion over budget when it entered service at Deutsche Lufthansa AG's Swiss International unit in July 2016. Airbus SE has also been in talks to secure a commitment from the carrier, the people said. Egypt civil aviation minister Sherif Fathy said in October that the government expected to pay about $3.3bn of the cost to acquire 45 aircraft.

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