Bombardier clinches $1bn order from EgyptAir

Bombardier clinches $1bn order from EgyptAir

EgyptAir intends to buy up to 24 of Bombardier's C-Series planes, the aerospace firm has said. The aircraft are to be powered by Pratt & Whitney Geared Turbofans (GTF).

Bombardier Commercial Aircraft President Fred Cromer announced the agreement at a news conference at the Dubai Airshow.

No Middle East customer has said when it would take delivery of CSeries jets.

State-owned EgyptAir on Tuesday signed an initial order for 12 Bombardier CSeries jets, marking the Canadian plane maker's second deal for its largest planes this month - agreements that end an 18-month drought of no sales of the aircraft. The deal is valued at $1.1bn before discounts.

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Earlier this month, Bombardier also revealed it had secured orders for 31 aircraft from an unnamed European customer.

Bombardier has faced a series of problems over the plane, most recently a trade dispute in the USA that imposed a 300% import tariff. The aircraft had been plagued by delays and cost overruns, and recently was hit with 300 percent tariffs in the USA after a trade complaint by Boeing. Bombardier hasn't sealed a major purchase since Delta Air Lines ordered 75 aircraft in April 2016.

EgyptAir is separately expected to unveil a deal for at least six Boeing's 787 Dreamliners, the first passenger jets made from strands of carbon fibre, said people familiar with the discussions.