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

Tuesday, 19 Nov 2013 04:16am EST 

Bombardier Inc's Bombardier Aerospace announced 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 USD387 million and could increase to USD1.26 billion if the 11 options are converted to firm orders. Iraqi Airways operates six CRJ900 NextGen regional jets.