Hughes Hubbard client Republic Airways signed an agreement with Bombardier to purchase 40 CS300 jet aircraft and granting Republic options for 40 additional aircraft. The total list price of the aircraft is $6.34 billion. The deal closed February 24.
The CS300 aircraft, which will seat 138 passengers, is an entirely new design that includes advanced technologies intended to substantially decrease operating costs. Republic is the North American launch customer for the aircraft, with the first delivery scheduled for 2015.
John Hoyns represented Republic Airways on this matter.