Bombardier signs agreement to sell 20 CS100 airliners

Bombardier said Tuesday that it has a signed letter of intent for 20 CS100 aircraft, with options for an additional 20.

The buyer is Fly Mojo Sdn Bhd, which will operate a new airline, flymojo, based in Malaysia.

Upon execution of a firm purchase agreement, Bombardier said in a news release, flymojo is expected to become the first customer and operator of the CS100 aircraft in the region.

Based on the list price of the CS100 aircraft, a firm order would be valued at approximately $1.47 billion, and could increase to $2.94 billion, should flymojo exercise all its options.

The announcement was made at the Langkawi International Maritime and Aerospace Exhibition in Malaysia.

The CSeries remains in development and testing. Bombardier said in its release it has booked orders and commitments for 603 CSeries aircraft, which include firm orders for 243 CSeries airliners.

This story was originally published March 17, 2015 at 12:27 PM with the headline "Bombardier signs agreement to sell 20 CS100 airliners."