CityJet, Bombardier finalize purchase agreement for up to 10 CRJ900 aircraft

Bombardier Commercial Aircraft has announced a firm purchase agreement, consistent with the conditional agreement announced on January 24, 2017, has been finalized with Swords, Dublin-based regional carrier, CityJet.

The firm agreement includes six CRJ900 aircraft and options for an additional four aircraft. Upon delivery, the aircraft will operate under wet lease in the Scandinavian Airlines (SAS) network.

The firm order is valued at approximately USD 280m and could increase to USD 467m, should CityJet exercise all its options.

CityJet currently owns a fleet of eight CRJ900 aircraft which are on wet lease service with SAS. The airline will also take delivery of four new CRJ900 aircraft in early 2017, bringing CityJet´s owned fleet of CRJ900 aircraft to 12.

As part of its acquisition of Cimber A/S, a regional airline in Denmark and a former wholly owned subsidiary of SAS, CityJet will operate Cimber´s fleet of 11 CRJ900 aircraft also on wet lease service with SAS. These aircraft will be replaced by up to 10 additional CRJ900 aircraft ordered under the firm purchase agreement with Bombardier.

CityJet is an Irish-based regional airline that was established in 1993 to operate services between Dublin and London City Airport, and today operates ten routes from across Europe to London City, where it currently holds approximately 30% of the airport slots. CityJet also has a significant wet lease business, including services on behalf of Air France and SAS and operates a wide range of ad hoc charters on behalf of sports groups, the entertainment industry, tour operators and corporate customers.

The CRJ Series family of aircraft has transported almost 1.6 billion passengers. The CRJ Series regional jets share commonality benefits that provide flexibility to operators and allow them to optimize their fleets to meet specific market demands. Optimized for medium-haul regional routes, these aircraft can provide up to 10% cash operating cost advantage over competing jets.

Montréal, Canada-based Bombardier is a manufacturer of both planes and trains. Its shares are traded on the Toronto Stock Exchange (BBD) and listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2015, The company posted revenues of USD 18.2bn.