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Bombardier signs letter of intent with EgyptAir

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Bombardier signed a letter of intent to sell up to 24 CS300 planes to EgyptAir.

Officials said a firm-order contract would be worth $1.1 billion. If EgyptAir uses an option to buy 12 more, the contract would go up to nearly $2.2 billion.

“We selected the C Series aircraft because its excellent range will allow us to best serve domestic and regional destinations, including neighboring Arab cities, the Middle East as well as several European destinations,” EgyptAir Chairman and CEO Safwat Musallam said.

Read more from Fox Business.


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