Money Bombardier in talks with EgyptAir for $1.1 billion CSeries deal: Bloomberg

23:22  13 november  2017
23:22  13 november  2017 Source:   Reuters

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(Reuters) - Canadian plane-and-train-maker Bombardier Inc (BBDb.TO) is in advanced talks with EgyptAir over a potential $ 1 . 1 billion order for CSeries jets, Bloomberg reported, citing people familiar with the matter.

Quebec lauds 'extraordinary' deal to sell Bombardier CSeries jets to Delta. Bombardier in talk with feds 'for quite a while,' but PM won't say if investment is planned. The CSeries aircraft is two years behind schedule and has incurred about US billion in cost overruns.

Canadian plane-and-train-maker Bombardier Inc (BBDb.TO) is in advanced talks with EgyptAir over a potential $1.1 billion order for CSeries jets, Bloomberg reported, citing people familiar with the matter.

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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. (https://bloom.bg/2iSDNU1)

European planemaker Airbus SE (AIR.PA) recently agreed to take a majority stake in the CSeries program, in exchange for Airbus's purchasing and marketing power and support for the aircraft that had few orders due to doubts over its future.

Bombardier said, earlier this month, that it received a letter of intent from an unnamed European customer for 31 firm CSeries orders.

a close up of a plane: FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the C Series aircraft programme, in Colomiers near Toulouse© REUTERS/Regis Duvignau/File Photo FILE PHOTO: A Bombardier CSeries aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the C Series aircraft programme, in Colomiers near Toulouse

Bombardier did not immediately respond to a request for comment.

(Reporting by Karan Nagarkatti in Bengaluru; Editing by Shounak Dasgupta)

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