The deal is a boost for Bombardier, which has so far seen slow orders for the CSeries after several months of development delays, with potential customers waiting for flight test data to confirm fuel and cost saving claims.
Delivery of the CS300 jets, which seat between 130 and 160 passengers, is expected between the end of 2015 and the start of 2016, said
"Saudi Gulf will be launched once we have the technical licence from the civil aviation authority," said Magali, a former chief executive of
Saudi Arabia started opening up its aviation market in 2012 by awarding additional carrier licences. Population growth and rapidly rising incomes mean there is considerable room for expansion, analysts believe.
Currently, only national carrier
The Bombardier order will initially be funded by the al-Qahtani group but the main funding will come from lenders, Magali said without elaborating. The planes will be used within Saudi Arabia and the region.
The CSeries is a narrow-body jetliner aimed at competing with the smaller planes built by aerospace giants
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