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EgyptAir signs letter of intent for up to 24 Bombardier CS300s

EgyptAir signs letter of intent for up to 24 Bombardier CS300s
From CBC - November 14, 2017

Bombardier Inc. has secured a letter of intent from EgyptAirfor the purchase of up to 24 of the Montreal-based company'slarger C Series aircraft, the CS300.

Thetransportation giant announced the news at the Dubai Airshow, where the company said the deal is a firm order for 12 of the jets, plus an option to buy an additional 12.

The 130- to 160-seat jet has a list price of$89.5 million US, so buying 12 of them would cost almost$1.1 billion on paper, although Egypt's national airlinewould likely have paid less than that.

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