Dubai: Iraqi Airways signs LOI for CSeries
Bombardier has signed a a letter of intent (LOI) with Iraqi Airways for five CS300 , with options for 11 more.
Based on CS300 airliner list price, a firm order would be valued at approximately US$387 million US and could increase to US$1.26 billion US if the 11 options are converted to firm orders.Iraqi Airways operates six CRJ900 NextGen regional jets.
“Over the last few years, Iraqi Airways has successfully utilized its CRJ900 NextGen aircraft to open routes and expand into new markets, and today we are pleased to be taking the next step by expanding and complementing our network operations with the addition of the CS300 aircraft,” said Captain Saad Al-Khafaji, chief executive officer and director general, Iraqi Airways. “Growing passenger demand in an increasingly competitive Middle East and European airline market has created a need for fuel-efficient, comfortable, technology-advanced aircraft like the CSeries jetliners.”