Iraqi Airways has signed a letter of intent to take up to 16 Bombardier CS300s at the Dubai air show.

If the order is confirmed, the carrier will take delivery of five aircraft on firm order from 2016. It also has five options and six purchase rights.

Based on list prices, the five firm aircraft are valued at approximately $387 million, while the total value of the agreement would rise to $1.26 billion if all options and purchase rights are exercised.

The aircraft will be delivered from 2016 and feature a 2-class layout with 12 business and 120 economy class seats.

Flightglobal Pro reported in October that Iraq’s transport ministry had approved the purchase of five CS300s and five options instead of a planned order for additional CRJ900s to add to its fleet of six already in service.

Iraqi Airways chief executive officer and director general Saad Al-Khafaji confirmed earlier reports that the airline had negotiated to trade in some of its CRJ900s as part of the CSeries purchase.

Iraqi Airways has a fleet of 22 aircraft, including Airbus A320s, Boeing 737s and one 777-200LR.

Source: Cirium Dashboard