Iraqi Airways, the national carrier of Iraq, has signed a letter of intent (LOI) to order five Bombardier CS300 mainline jetliners and option 11 more CS300s.
The LOI was executed at the Dubai Airshow 2013, during a visit that included government officials from Iraq, Canada, Northern Ireland and the United Kingdom.
Based on the list price of the Bombardier CS300, the manufacturer values a firm order for five aircraft at approximately US$387 million, should Iraq Airways firm its letter of intent into an order. Should the carrier then could increase its order by firming its 11 options, the list-price value of the order would increase to US$1.26 billion.
Iraqi Airways currently operates six Bombardier 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 Capt Saad Al-Khafaji, chief executive officer and director general of 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,” said Al-Khafaji.
“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,” said Mike Arcamone, president of Bombardier Commercial Aircraft.
Designed for the growing 100-to-149-seat market, the all-new Bombardier CSeries family is powered by Pratt & Whitney PurePower PW1500G engines.
According to Bombardier Aerospace, the CSeries family will offer a 15 per cent cash operating cost advantage and a 20 per cent fuel burn advantage over today’s competing models, based on a 500 nautical mile sector in the North American operating environment.
With the extra capacity seating (ECS) option, which increases its total passenger capacity to 160 people, the CS300’s productivity further improves, offering airlines an average of 4 per cent additional cash operating cost advantage per seat, Bombardier calculates.
Bombardier also says the CSeries’ clean-sheet design will ensure the aircraft will achieve greatly reduced noise and emissions, as well as superior operational flexibility, exceptional airfield performance and a range of 2,950 nautical miles (5,463 kilometers).
The CSeries will be up to 12,000lb (5,443 kilograms) lighter than current aircraft in the same seat category.
As of November 19, Bombardier has booked orders and commitments for 419 CSeries jets, which include firm orders for 177 CSeries airliners. Some 16 customers and lessees have signed orders or lesser commitments for CSeries aircraft.