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Bombardier: AirBaltic, unidentified customer commit to CSeries

posted Dec 20, 2012, 9:47 PM by Michael Adams
Bombardier has acquired orders from two customers for CSeries aircraft.
 
Latvian carrier AirBaltic has firmed an agreement to acquire 10 Bombardier CS300 aircraft, with 10 options. The agreement was previously announced at the Farnborough Airshow. Based on list prices, the order is valued at approximately $764 million and could increase to $1.57 billion if the options are converted, according to Bombardier.
 
In addition, an undisclosed North American carrier has signed a letter of intent for 12 Bombardier CS100s, plus options for an additional 18. The firm-order contract is valued at approximately $870 million based on list prices, and could reach $2.08 billion if options are exercised.
 
AirBaltic CEO Martin Gauss said, “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. The C300 airliner and the Q400 NextGen turboprop … will optimize AirBaltic’s network and fit perfectly in our ReShape business plan.”
 
Bombardier had orders and commitments from 14 customers for a total 352 CSeries aircraft by Sept. 30, including firm orders from nine customers for 138 airliners. First flight is scheduled for the end of June 2013.
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