EgyptAir in deal to buy 24 Bombardier C-Series planes

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With the EgyptAir announcement, up to 85 new CSeries jets are covered by commitments disclosed since Bombardier agreed to transfer a majority stake in the small narrowbody programme to Airbus in a deal set be finalised in the second half of 2018.

Mr Thompson said Bombardier's CSeries aircraft programme now accounts for 1,000 jobs in the North and every order is welcome.

The deal is likely to include a firm order for 12 CS300 jets, and could be announced as early as Tuesday at the Dubai Air Show, according to the report. The deal is valued at $1.1bn before discounts.

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A US trade commission will decide in early 2018 on whether to impose duties of almost 300 percent on the CSeries, after Boeing complained the planes had been subsidised and sold below cost in the United States. The agreement makes good on the company's expectations that the Airbus deal will bolster confidence in the program and accelerate sales.

The aircraft fits into EgyptAir's long-term growth strategy, providing a new larger aircraft type for regional subsidiary EgyptAir Express, which operates a fleet of 12 Embraer 170s. "Swiss and Air Baltic Corp., which began flying the CS300 in December, have reported better-than-expected fuel efficiency, which is key to the jet's appeal".

Bombardier and EgyptAir said they hoped to finalize the deal before the end of 2017, the statement added. Egypt Civil Aviation Minister Sherif Fathy said last month that the government expected to pay about $3.3 billion of the cost to acquire 45 planes.

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