EgyptAir signs $1.1 bln preliminary deal for 12 Bombardier CSeries jets

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

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.

Bombardier did not immediately respond to a request for comment. Bombardier argued that the decision "does not accurately reflect the value of our partnership with Airbus and is completely disconnected with the market reaction, which has been overwhelmingly positive".

EgyptAir, the flag carrier airline of Egypt, has signed a letter of intent for buying 24 CSeries aircraft from the Canadian aircraft maker Bombardier for a total price of almost 2.2 US billion dollars, EgyptAir said in a statement on Tuesday.

‍Bombardier says ‍based on the list price of a CS300 airliner, a firm-order contract would be valued at approximately $1.4-billion. The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF).

Carrie Underwood on the mend after breaking wrist in fall
Carrie Underwood is treated at the hospital but her injuries will take some to get healed up, said her spokesperson. The singer took to Twitter on Sunday to thank her fans for their support, and express her gratitude to her husband.

Duterte Killed as Teen: Philippine President Claims Stabbing
The Philippines will be Trump's last stop on a marathon tour that has taken him to Japan, South Korea, China as well as Vietnam. China claims sovereignty over all of South China Sea, a huge source of hydrocarbons.

Butch Jones out, Brady Hoke takes over at Tennessee
Tennessee has fired Butch Jones after the Volunteers were blown out in a 50-17 loss at Missouri on Saturday, according to reports. He'll be owed a buyout in excess of $8 million, although he's required to seek comparable employment to mitigate the damages.

Bombardier said, earlier this month, that it received a letter of intent from an unnamed European customer for 31 firm CSeries orders. By contrast, Airbus figures released in October show that it has received orders for more than 13,000 A320-family jets and delivered almost 8,000.

Less than a month after Airbus agreed to rescue Bombardier's struggling C Series jet program, Bombardier has announced a second order for the narrowbody passenger plane.

EgyptAir chairman and CEO Safwat Musallam said the CS300 will be used for growth and for the replacement of smaller narrowbodies.

We're thrilled that EgyptAir selected the CS300 aircraft to renew its fleet.

Related news:

Hot News

isis-killer-beheading-video-story-top Chevy Corvette ZR1 debuts with 755 horsepower
Nov 14, 2017 - 01:23
The price of the vehicle was not yet announced, but it will likely be a six-figure price, even before dealers add markup. American muscle comes in many shapes and forms, but none are as savage as this - the new 2019 Chevrolet Corvette ZR1 .

isis-killer-beheading-video-story-top Hackers say a mask fooled Face ID on iPhone X
Nov 14, 2017 - 01:15
The fact that someone would need to be in the same room with you means this Face ID hack isn't much of a threat to most people. Apple has said in its white paper that the iPhone X Face ID analyzes only specific parts of your facial features.

isis-killer-beheading-video-story-top Sweden qualify as Italy miss out on FIFA World Cup
Nov 14, 2017 - 01:10
He added: "We want to send Italians a message not with words, but with action on the pitch". It was the third-longest active streak behind Brazil (20) and Germany (16).

isis-killer-beheading-video-story-top Mass stabbing at Mall of America in Minnesota
Nov 14, 2017 - 01:05
When confronted, he stabbed a man he had tried to rob and another in his party, police said . One woman tweeted: "Just lived through the scariest experience of my life".

isis-killer-beheading-video-story-top Yemeni airline says not resumed commercial flights after blockade
Nov 13, 2017 - 02:05
The coalition closed all ports and halted humanitarian shipments after Yemen's Houthi rebels fired a ballistic missile over the weekend that was intercepted near Riyadh.

isis-killer-beheading-video-story-top Here Are The Details of West Indies Tour to Pakistan Next Year
Nov 13, 2017 - 02:04
The series will comprise three T20 matches on March 29, 31, and April 1 and all the matches will be played in Lahore. The tour was slated to take place in November this year, but it had to be rescheduled for next year.

isis-killer-beheading-video-story-top Watch Taylor Swift Perform 'Reputation' Songs on 'SNL'
Nov 13, 2017 - 02:03
It is very clear that Taylor steal feels the burn of the "Famous" single and will probably continue to express her grievances through her music.

isis-killer-beheading-video-story-top 1st LD Writethru: 14 die as boat capsizes in southern India
Nov 13, 2017 - 02:02
Chief minister N Chandrababu Naidu expressed shock over the incident and directed the authorities to intensify rescue operations. Twelve persons have been rescued so far by the NDRF, fire personnel, police teams and local lifeguards.

isis-killer-beheading-video-story-top Cleveland Browns fall to the Detroit Lions, 38-24
Nov 13, 2017 - 01:36
That gave them the 24-17 lead, but the Lions tied the game , setting up another bad result for the Browns. "Obviously not the outcome we wanted", Jackson said. "I came here to turn this franchise around".

isis-killer-beheading-video-story-top Here's the OnePlus 5T
Nov 13, 2017 - 01:36
An accidental pre-release unboxing of the OnePlus 5T by ZDNet has confirmed the same, showing the OnePlus 5T in all its glory. If so, you'll be excited to learn that you don't have to wait until November 16th to learn all about the upcoming flagship.

isis-killer-beheading-video-story-top Three US carriers lead naval drill aimed at N. Korea
Nov 13, 2017 - 01:21
He said "every single step the North Korea regime takes toward more weapons is a step it takes into greater and greater danger". Trump, being the man who he is, took the bait and threw some insults back at North Korean leader Kim Jong-un.

isis-killer-beheading-video-story-top Star Wars: Millennium Falcon Is Stored Near An English Golf Course
Nov 12, 2017 - 02:26
But much like the Empire, it looks as though Google Earth has sent its droids out to obtain the Millennium Falcon's last known location.

isis-killer-beheading-video-story-top Chinese Media giant acquires social video app Musical.ly
Nov 12, 2017 - 02:23
If you live outside of Asia, you're about to get more familiar with the five-year-old internet news and video aggregator. Bytedance, which was recently valued at $20 billion, says that Musical.ly will remain a separate, independent business.

isis-killer-beheading-video-story-top Now you really can eat breakfast - and lunch - at Tiffany's
Nov 12, 2017 - 02:23
Breakfast at Tiffany's is based on the Truman Capote novella about a country girl who moves to NY and joins high society. Press your black Givenchy dress and fetch your pearls from the vault, breakfast at Tiffany's is on.

isis-killer-beheading-video-story-top Autonomous shuttle test in Las Vegas has crash on first day
Nov 12, 2017 - 02:15
Navy ARMA's driverless bus will begin shuttling passengers along a half-mile route in downtown Las Vegas. Had the driver of the delivery truck done the same, all would have been well.