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Thursday, December 20, 2012

Bombardier Receives airBaltic Order for 10 CS300s

Riga, Latvia-based carrier airBaltic placed a firm $764 million order to acquire 10 Bombardier CS300s, with purchase rights for another 10 CS300s. If the purchase rights for the additional 10 planes are converted to firm orders, the purchase price will increase to $1.57 billion.

(airBaltic CS300)

The airBaltic order was first announced as a letter of intent at this year's Farnborough Air Show. The Latvia carrier is looking to replace its older Boeing and Fokker aircraft with a more modern all-Bombardier fleet.

“Earlier this year we launched our 'ReShape' business plan that calls for the replacement of older aircraft and the transition to “greener flying” with an exclusive all-Bombardier fleet that will eventually involve taking on more Q400 NextGen aircraft together with the new CSeries aircraft,” said Martin Gauss, CEO of airBaltic.

Bombardier delayed the first flight of its new Cseries aircraft in November, but expects the first CSeries to enter into service in 2013. Delivery dates for the airBaltic order were not announced. More

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