Bombardier Commercial Aircraft and Air Canada have announced that the parties have signed a Letter of Intent (LOI) for the sale and purchase of 45 CS300 aircraft with options for an additional 30 CS300 aircraft, which also includes conversion rights to CS100 aircraft.

Air Canada will become the first North American mainline, international network carrier for the C Series family of aircraft.

Based on the list price os the CS300 aircraft, a firm order for 45 would be valued at approximately $3.8 billion US.

"We've been carefully assessing the capabilities of Bombardier's C Series aircraft and its progress for some time and today we are very pleased to announce an agreement to acquire the CS300 for our mainline fleet," said Calin Rovinescu, President and Chief Executive Officer, Air Canada. "The C Series will be a key element of our on-going fleet renewal, which will result in Air Canada operating one of the world's youngest and most fuel efficient airline fleets. With its optimal mainline performance range, superior economics, and greater seating capacity, the Canadian-built CS300 aircraft will allow us to compete more effectively, providing increased point-to-point service to domestic and transborder markets further afield, as well as feeding our network."