EgyptAir signs $1.1bln deal to buy 12 jets from Bombardier

CAIRO - 15 November 2017: EgyptAir Chairman Safwat Musallam signed a $1.1 billion letter of intent with Head of Canada's Bombardier Inc. Fred Cromer to buy 12 C Series jets from the Canadian airline during the period from 2018 till 2020.

In a statement on Tuesday, EgyptAir said it will be able, under the agreement, to buy additional 12 planes from Bombardier during the period from 2020 till 2026.

Musallam appreciated the new partnership with Bombardier, saying that it comes as part of the Egyptian's airline efforts to expand its fleet.

Cromer said his incorporation seeks to sell 450 airplanes to Middle East countries during the coming 20 years.