BUSINESS
06/21/2011 07:06 EDT | Updated 08/21/2011 05:12 EDT

Bombardier Deal: Korean Air To Buy Up To 30 Aircraft

THE CANADIAN PRESS -- PARIS - Korean Air has signed an agreement to buy 10 Bombardier CS300 aircraft with an additional 10 options and 10 purchase rights on CS300 airliners.

The two sides signed a letter of intent today at the Paris Air Show after several months of negotiations.

Korean Air currently operates a fleet of 136 passenger and cargo jet aircraft to 112 cities in 39 countries.

Gary Scott, the president of Bombardier Commercial Aircraft, says this the first CSeries aircraft customer in Asia and signals an entry into the fast growing Asia-Pacific market.

"Korean Air is one of the world's most prestigious airlines, and we are extremely proud that it has selected the CSeries aircraft to meet its route expansion requirements," Scott said.

"Our list of customers continues to grow and now covers the Asian, European and North American markets, a testament to the high value and operating flexibility of the CSeries aircraft program."

Earlier today at the air show, Bombardier Aerospace said VistaJet of Switzerland had placed a firm order for 10 Global 8000 aircraft.

Bombardier says the order with the privately-owned aviation service is worth approximately $650 million.