Iraqi Airways Signs Firm Purchase Agreement with Options for up to 16 Bombardier CS300 Aircraft
Wednesday, 04 December 2013
As of today, Bombardier has booked orders and commitments for 419 CSeries aircraft, which include firm orders for 177 CSeries airliners. Some 16 customers and lessees have joined the CSeries aircraft program.
TORONTO, ONTARIO - Bombardier Aerospace today announced that Iraqi Airways, the national carrier of Iraq, has signed a firm purchase agreement to acquire five CS300 aircraft.
The agreement, which also includes options on 11 CS300 aircraft, follows a letter of intent (LOI) to purchase the aircraft that was announced by Bombardier on November 19 during the Dubai Airshow.
As previously announced, based on the list price for the CS300 aircraft, the firm order is valued at approximately US$ 387 million and could increase to US$1.26 billion if the 11 options are converted to firm orders.
Captain Saad Al-Khafaji, chief executive officer and director general, Iraqi Airways, said: "Following the successful utilization of our six CRJ900 NextGen aircraft over the past few years, the acquisition of the CS300 aircraft will complement our network operations and allow us to expand into new markets.
"The CS300 aircraft's range, fuel efficiency and comfortable, widebody-like cabin will permit us to respond to growing passenger demand and reach destinations across the Middle East, Northern Africa and Europe."
Mike Arcamone, president, Bombardier Commercial Aircraft, added: "The CS300 aircraft is ideally suited to Iraqi Airways' expanding operations, providing the right mix of performance, operational flexibility and passenger comfort to support the airline's ongoing success in its increasingly competitive markets.
"We are delighted to be participating in Iraq's reconstruction by delivering the best aircraft to support Iraqi Airways' growth and development."