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Tuesday, April 12, 2016

AirBaltic Firms Up $506 Million in CS300 Orders

Juliet Van Wagenen

airBaltic CS300, rendering
airBaltic CS300, rendering. Photo: Bombardier

[Avionics Today 04-12-2016] Latvian flag carrier airBaltic has converted its remaining seven CSeries option aircraft to firm orders, bringing the airline’s total firm order to 20 CS300 aircraft. AirBaltic announced the original order for 10 firm CS300 aircraft with options for another 10 on December 20, 2012 and converted three options to firm orders in 2014. Based on the list price of the CS300 airliner, this firm order is valued at approximately $506 million.

The Riga-based airline will be the first customer to operate the CS300 aircraft when it takes delivery in the second half of 2016.

“Our fleet modernization continues as we proudly increase our all-new CS300 aircraft to a fleet of 20 technologically-advanced jetliners in order to support our ‘Horizon 2021’ business plan. This will substantially improve the connectivity of the Baltic region with Western Europe and the Eastern markets,” said airBaltic CEO Martin Gauss.

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