Bombardier in talks with EgyptAir for $1.1 bln CSeries deal

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

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

Cromer said both sales had already being under negotiation and were not the result of the Airbus venture.

State-owned EgyptAir signed a letter (LOI) of intent on Tuesday to order 12 Bombardier CSeries jets valued at $1.1 billion at list prices.

Bombardier is closing in on the second deal for its CSeries jet since reaching a landmark agreement with Airbus a few weeks ago that will see the European planemaker take control of the program to help revive the plane's fortunes. That would raise the number of firm C Series orders to more than 400. The agreement announced at the Dubai Airshow includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft.

"Bombardier's 20-year market outlook foresees demand for 450 airplanes in the 60- to 150-seat category for the region and this letter of intent confirms the need for right-sized aircraft in the Middle East", said Cromer.

"It would be hard to wish for a better carrier to establish our presence in the region", Bole said in a conference call with reporters from Dubai.

EgyptAir intends to buy up to 24 of Bombardier's C-Series planes, the aerospace firm has said.

Bombardier has faced a series of problems over the plane, most recently a trade dispute in the U.S. that imposed a 300% import tariff.

Colin Bole, Bombardier's senior vice president of commercial aircraft, said there were no particular conditions or terms that needed to be met to finalize the deals. A U.S. trade commission will decide in early 2018 on whether to impose duties of almost 300 percent on the planes as urged by the U.S. Commerce Department.

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