EgyptAir has converted a letter of intent (LoI) to a firm agreement for the sale and purchase of 12 CS300 aircraft along with purchase rights for an additional 12 CS300 aircraft from Bombardier, the company announced. The LoI was announced in November at the 2017 Dubai Air Show. “Based on the list price of the CS300 airliner, the firm-order contract would be valued at approximately USD 1.1 bn. Should EgyptAir exercise the 12 purchase rights for CS300 aircraft, the contract value would increase to nearly USD 2.2 bn,” Bombardier says._

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