airBaltic Firms up Options

Riga-based airBaltic has signed a purchase agreement with Bombardier Commercial Aircraft to convert its remaining seven options for CS300 aircraft into firm orders.  This brings the Latvian carrier’s total firm orders for the type to 20.  The original order for ten firm CS300 and ten options was announced on December 20, 2012, with the airline converting three options in February 2014.  airBaltic will become the first customer in the world to operate this variant of the C Series when it takes delivery of its first example in the second half of this year.  Bombardier said the value of this latest contract was $506 million, based on list prices.

Martin Gauss, airBaltic’s CEO, said: “Our fleet modernisation continues as we proudly increase our all-new CS300 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.  The CS300 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.”

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