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FARNBOROUGH 2014: Zhejiang Loong Airlines signs LOI for 20 CS100s

Bombardier Aerospace has announced that Zhejiang Loong Airlines, which trades as Loong Air, has signed a Letter of Intent (LOI) to acquire 20 CS100s.

The carrier, based in Hangzhou, the capital city of Zhejiang province, China began domestic service in 2013. Its CS100 order, at list price and made firm will be worth approximately $1.28 billion.

“The CSeries is the right size aircraft to allow for profitable growth as Loong Air seeks to expand its network and provide improved connectivity and frequencies to an increasing number of domestic travelers,” commented Liu Qihong, chairman, Loong Air. “With its clean-sheet design and leading-edge technology, Bombardier’s CSeries family of airliners provides a distinct economic advantage.”

“We are thrilled that Loong Air has selected the CS100 aircraft to execute on its expansion strategy,” added Andy Solem, vice-president, sales, China and Asia-Pacific. “We intend to actively support Loong Air in opening new markets profitably thanks to the CSeries airliner’s low operating costs and look forward to the CSeries aircraft taking to the skies of China.”

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