Latvia’s airBaltic Increases its Firm C Series Order to 20 Bombardier CS300 Aircraft
Bombardier Commercial Aircraft announced today that Latvian flag carrier Air Baltic Corporation AS (airBaltic) has converted its remaining seven option aircraft to firm. This latest order brings airBaltic’s total firm order to 20 CS300 aircraft. This agreement follows the airline’s conversion of three option aircraft announced in February 2014. The original order for 10 firm CS300 aircraftwith options for another 10 was announced on December 20, 2012. The Riga-based airline will be the first customer in the world to operate the CS300 aircraft when it takes delivery in the second half of 2016 – an excellent companion to its existing 12 Q400 aircraft.
Based on the list price of the CS300 airliner, this firm order is valued at approximately $506 million US.
“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 – all of which will help stimulate the economies of Latvia, Estonia and Lithuania, and create new jobs,” said Martin Gauss, Chief Executive Officer, airBaltic. “The CS300 aircraft will improve our passenger experience and convenience as we position ourselves for growth, reaching new destinations due to the increased capabilities of our new jets joining us later this year.”
“We are delighted that our CS300 launch operator, airBaltic has chosen to increase its firm order position as the airline embarks on transitioning to an all-Bombardier fleet,” said Fred Cromer, President, Bombardier Commercial Aircraft. “This demonstrates the growing collaboration between our two companies and we congratulate airBaltic on its achievements - including recently being recognized as the World’s Most Punctual Airline, in addition to being named one of the World’s Most Innovative Airlines. With the production of the airBaltic's first CS300 aircraft well underway, we look forward to its first commercial flight.”
airBaltic (AIR BALTIC CORPORATION) is the world’s most punctual airline connecting the Baltic region with 60 destinations in Europe, the Middle East, and the CIS. airBaltic is a joint stock company that was established in 1995. Its primary shareholder is the Latvian state, which holds 99.8% of the stock. The airBaltic fleet consists of 24 aircraft – 12 Boeing 737 and 12 Bombardier Q400Next Gen. airBaltic has received numerous international awards for excellence, innovative services, and achievements in reshaping its business. In 2012, airBaltic was ranked by Airlinetrends among the Top 10 airlines globally for innovations. airBaltic achieved the best on-time performance globally for two years running in 2014 and 2015.