A flurry of commercial announcements in the regional- and small-narrowbody aircraft sectors came across the wires last week, led by a firm order on Thursday for 10 Bombardier CSeries CS300s from Latvian carrier airBaltic. The deal, potentially worth $1.57 billion at list prices, included so-called purchase rights on 10 more of the airplanes and represented a conversion of a letter of intent signed at this year’s Farnborough International airshow.
Iraqi Airways
Last week, the Iraqi Civil Aviation Authority (ICAA) dissolved an exclusive flight permit contract enjoyed by Palm Jet, following protests from the Middle East Business Aviation Association (MEBAA) that the agreement made operating business flights into Iraq prohibitively expensive.
Bombardier delivered a pair of CRJ900s into Iraqi Airways service in July following an Iraqi payment of security equal to the value of the aircraft to Kuwait Airways. The Canadian manufacturer has now delivered six of the 10 CRJ900s originally ordered by Iraq and, according to a Bombardier spokesman, continues to work toward delivering the remaining four.
Bombardier delivered a pair of CRJ900s into Iraqi Airways service in July, following an Iraqi payment of security equal to the value of the aircraft to Kuwait Airways. The Canadian manufacturer has now delivered six of the 10 CRJ900s originally ordered by Iraq and, according to a Bombardier spokesman, continues to work toward delivering the remaining four.
The Court of Appeals of Quebec on January 11 summarily dismissed appeals by the state of Iraq and Iraqi Airways in the 20-year-old legal case brought by Kuwait Airways seeking damages for Iraq’s seizure of 10 airplanes and associated spares and records during its 1990 occupation of Kuwait. The case continues to prevent Bombardier from delivering the final six of an order for 10 CRJ900s placed by the government of Iraq in 2008.
The prospect of involuntarily bankruptcy is all too real for many airlines around the world. But the government of Iraq is poised to voluntarily take Iraqi Airways out of business as a way to avoid a 20-year-old legal dispute with Kuwait Airways.
The fortunes of Bombardier Aerospace’s regional jet business received a considerable boost last month when American Airlines announced the signing of a letter of intent covering the conversion of an option for 22 CRJ700s.
The fortunes of Bombardier Aerospace’s regional jet business received a considerable boost today as American Airlines announced the signing of a letter of intent for 22 CRJ700s.
The Quebec Superior Court in late August granted Kuwait Airways a seizure order for 10 Bombardier CRJ900s ordered by the Iraqi government for Iraqi Airways. The order comes as Kuwait continues efforts to collect reparations for damages caused by Iraq during the first Gulf War.
Bombardier Regional Aircraft’s Middle East sales force saw years of persistence bear fruit this month as the company landed a firm order for six CRJ900s from the Government of Iraq and another for eight CRJ700s from Yemen’s Felix Airways.