Bombardier Commercial Aircraft and Air Baltic Corporation AS (airBaltic) has announced that the parties have executed a firm purchase agreement for the sale and purchase of 30 CS300 aircraft with options and purchase rights for an additional 30 aircraft of the same type, the company said.
Based on the list price of the CS300 aircraft, the firm order is valued at approximately USUSD 2.9 billion. This amount would increase to nearly USUSD 5.9 billion should all 15 options and 15 purchase rights be exercised.
With this order, airBaltic becomes the largest European C Series customer and the second largest customer worldwide with 50 aircraft on firm order. The airline´s new business plan relies on significant expansion of routes from all three Baltic countries – Latvia, Estonia and Lithuania.
Deliveries pertaining to this new order are scheduled to commence in the fourth quarter of 2019. Prior to this order, airBaltic had ordered 20 CS300 aircraft. The airline is currently operating revenue service with eight CS300 aircraft.
airBaltic is an airline connecting the Baltic region with 70 destinations in Europe, the Middle East, and the CIS. It is a joint stock company that was established in 1995. Its primary shareholder is the Latvian state, which holds 80.05 percent of the stock.
With over 69,500 employees across four business segments, Bombardier is a global provider of the transportation industry, creating innovative and game-changing planes and trains. News and information are available at bombardier.com or on Twitter @Bombardier.