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Turkey’s Atlasjet enters Bombardier deal

Dubai, November 15, 2011

Bombardier Aerospace announced today that Atlasjet Havacilik of Turkey has signed a letter of intent (LOI) to acquire 10 CS300 jetliners and take options on a further five CS300 aircraft.

Based on the list price of the CS300 airliner, a firm-order contract would be valued at $776 million and could increase to $1.18 billion if the five options were converted to firm orders.

“There are several reasons why we selected Bombardier’s all-new CS300 aircraft,” said Murat Ersoy, Chairman, Atlasjet.

“The CS300 aircraft has the best economics in its class; it is well suited for our unique operations in hot temperature environments; and, based on its performance and economics, it will return the highest profitability in strategic markets. With its offering of widebody comfort in a single-aisle aircraft, it is the right-sized platform for us.”

“We consider airlines operating in Turkey and the Middle East to be prime candidates for CSeries aircraft,” said Guy C. Hachey, president and chief operating officer, Bombardier Aerospace. “Airlines in the region face revenue and performance challenges as their current fleets are composed mainly of jet aircraft larger than the CSeries aircraft. The CSeries aircraft gives airlines a right-sized solution optimized for their environment and operation.”

Founded in 2001, Atlasjet operates 17 aircraft on domestic and international routes with scheduled and charter services.

Designed for the growing 100- to 149-seat market, the 100 per cent new CSeries family of aircraft combines advanced materials, leading-edge technology and proven methods to meet commercial airline requirements in 2013 and beyond, said a statement. - TradeArabia News Service

 




Tags: Bombardier | Atlasjet | CS300 |

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