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Iraqi Airways Signs Letter of Intent for up to 16 Bombardier CS300 Aircraft

November 19, 2013 Dubaï Aerospace,  Press Release

Bombardier Aerospace announced today that Iraqi Airways, the national carrier of Iraq, has signed a letter of intent (LOI) to acquire five CS300 mainline jetliners. The LOI includes options on 11 CS300 aircraft.

Based on CS300 airliner list price, a firm order would be valued at approximately $387 million US and could increase to $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.”

The LOI was executed at the Dubai Airshow during a visit that included government officials from Iraq, Canada, Northern Ireland and the United Kingdom.

“I congratulate Bombardier Aerospace and Iraqi Airways on concluding this ground-breaking CSeries aircraft letter of intent – taking their partnership to a new level,” said the Honorable Ed Fast, Minister of International Trade, Government of Canada. “This LOI will add another dimension to Canada's participation in Iraq’s reconstruction and will help us continue to grow the Canada-Iraq trade and investment relationship."

“As Bombardier Aerospace Belfast is responsible for the design, development and manufacture of the advanced composite wings for Bombardier’s CSeries aircraft, today's letter of intent with Iraqi Airways is good news for Northern Ireland,” said Arlene Foster, Minister, Enterprise, Trade and Investment, Northern Ireland. “It is a tremendous endorsement of our technological expertise and I am confident that, as the CSeries aircraft program progresses, it will continue to bring significant economic benefits to Northern Ireland.”

“This marks a proud achievement for those who have been supporting the need for modern, efficient flying in Iraq and the surrounding region,” said Mike Arcamone, President, Bombardier Commercial Aircraft. “The CSeries aircraft will complement Iraqi Airways’ CRJ900 NextGen aircraft operation as the airline looks to expand into new markets with fuel-efficient, comfortable, single-aisle aircraft that can reach destinations across the Middle East, Europe and Northern Africa.”

CSeries aircraft
Designed for the growing 100- to 149-seat market, the 100 per cent new CSeries aircraft family combines advanced materials, leading-edge technology and proven methods to meet commercial airline requirements. Powered by Pratt & Whitney PurePower PW1500G engines, the CSeries aircraft family will offer a 15* per cent cash operating cost advantage and a 20* per cent fuel burn advantage. With the extra capacity seating option, the CS300 aircraft’s productivity further improves, offering airlines an average of four* per cent additional cash operating cost advantage per seat. The CSeries aircraft’s clean-sheet design is ensuring that the aircraft will achieve greatly reduced noise and emissions, as well as superior operational flexibility, exceptional airfield performance and a range of 2,950 NM (5,463 km)*. The CSeries aircraft will be up to 12,000 lbs. (5,443 kg)* lighter than other aircraft in the same seat category and will provide passengers with a best-in-class, widebody cabin environment in a single-aisle aircraft.

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.

About Bombardier

Bombardier is the world’s only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

  • Photo 1: Captain Saad Al-Khafaji, Chief Executive Officer and Director General, Iraqi Airways and Mike Arcamone, President, Bombardier Commercial Aircraft in Dubai, following the announcement Iraqi Airways signed a letter of intent for up to 16 Bombardier CS300 aircraft.
  • Images of CS300 aircraft in the livery of Iraqi Airways are posted with this release in the press releases section at www.bombardier.com. Additional images and videos of CSeries aircraft are available in the CSeries Hub at www.cseries.com. B-roll is available at bcamediafootage.com.
  • Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace.
  • Please visit Bombardier’s Web site dedicated to its upcoming events at the Dubai Airshow:airshows.bombardier.com.

* The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft.

PurePower ® is a registered trademark of United Technologies Corp. - Pratt & Whitney.

Bombardier, CRJ900, CS300, CSeries, NextGen and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries. 

For Information

Marc Duchesne
Bombardier Commercial Aircraft
+1-416-375-3030
marc.duchesne@aero.bombardier.com

www.bombardier.com

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