Iraqi Airways firms up CSeries order that could be worth $1.26B
Airline signed letter of intent for aircraft with Bombardier at Dubai Airshow in November
TORONTO—Iraq’s national airline has firmed up its agreement with Bombardier Aerospace to purchase five CS300 passenger jets worth US$387-million, the Canadian firm announced.
The agreement between Bombardier and Iraqi Airways includes options for 11 more aircraft, which could push the deal’s value to US$1.26-billion at current list prices.
“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,” Bombardier president of commercial aircraft Mike Arcamone said in a statement.
“We are delighted to be participating in Iraq’s reconstruction by delivering the best aircraft to support Iraqi Airways’ growth and development.”