Al Qahtani Aviation Orders Up To 26 Bombardier CSeries Aircraft for SaudiGulf Airlines

Dammam-based Al Qahtani Aviation Company has signed a firm purchase agreement for 16 CS300 aircraft with options for an additional 10 CS300 jetliners.

The aircraft will be operated by SaudiGulf Airlines, a newly launched national carrier from the Kingdom of Saudi Arabia.
Based on the list price of the aircraft, the firm order for the 16 CS300 aircraft is valued at approximately $1.21 billion. Should all 10 options be exercised, the value of the contract would increase to $1.99 billion.

Al Qahtani Aviation Company and SaudiGulf Airlines are both owned by Abdel Hadi Abdullah Al-Qahtani & Sons Group of Companies (Tariq Al-Qahtani & Bros.)

Including the order announced today, Bombardier has booked orders and commitments for 445 CSeries aircraft, which include firm orders for 198 CSeries airliners. Some 17 customers and lessees have joined the CSeries aircraft program.