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Saudi Arabia : £1bn Saudi contract secured by Bombardier

January 18, 2014

A 1bn deal for new aircraft is gained by Belfast-based planemaker Bombardier.

At the Bahrain Air Show this week, it was declared that the Al Qahtani Aviation Company could order up to 26 Bombardier CSeries planes, the wings of which were designed and are presently being built in Belfast. The planes will be controlled by SaudiGulf Airlines, the newly launched national carrier for the Kingdom of Saudi Arabia.

Last year, about 54 million passengers moved through Saudi Arabia's 27 airports.

Nevertheless, Bombardier has also now said that the entry into service of the CS100 aircraft is now expected in the second half of 2015. It will be followed about six months afterwards by the CS300 aircraft.

The company mentioned that more time was required for flight testing.

The first flight of the CS100 happened in September 2012.

Mike Arcamone, president of Bombardier Commercial Aircraft said that the flight test phase would require more time than originally anticipated. He said, "We are very pleased that no major design changes have been identified. This gives us confidence that we will meet our performance targets .

"While the process has taken more time than we had expected, our suppliers are aligned with the programme schedule and together, we will continue to work closely to move the program steadily forward."

In the meantime, Al Qahtani Aviation Company has inked a firm purchase agreement for 16 CS300 aircraft, with an option for an additional 10 CS300 jetliners.

Al Qahtani Aviation Company and SaudiGulf Airlines are both possessed by Abdel Hadi Abdullah Al-Qahtani & Sons Group of Companies and based on the list price of the aircraft, the firm order for the 16 CS300 aircraft is valued at about $1.21bn (730m).

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Source: TendersInfo (India)

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