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Bombardier Gets $1.5B Lufthansa Contract

World’s third-largest maker of commercial aircraft says it has reached a deal with Deutsch Lufthansa AG worth at least $1.5 billion for the Montreal company's new regional jet.

TORONTO (AP) -- Bombardier Aerospace says it has reached a deal with Deutsch Lufthansa AG worth at least $1.5 billion for the Montreal company's new regional jet.

The world's third-largest maker of commercial aircraft said Wednesday it has signed a contract to build 30 CSeries model CS100 passenger aircraft for the German carrier.

The company, a unit of Bombardier Inc., said the deal also contains options for an additional 30 planes.

The company values the deal at least $1.5 billion based on the list price for the first 30 planes.

The aircraft will be operated by Lufthansa subsidiary Swiss International Air Lines Ltd.