Atlasjet Havacilik A.S. of Istanbul, Turkey has signed a letter of intent to order 10 Bombardier CS300 jetliners and take options on a further five CS300s.
Based on the list price of the Bombardier CS300, a firm-order contract for the 10 aircraft would be valued at US$776 million, and could increase to US$1.18 billion if Atlasjet converted its five options to firm orders, according to the manufacturer.
Bombardier announced the deal at the Dubai Airshow 2011.
“There are several reasons why we selected Bombardier’s all-new CS300 aircraft,” says Murat Ersoy, chairman of Atlasjet. “The CS300 aircraft has the best economics in its class; it is well suited for our unique operations in hot-temperature environments; and, based on its performance and economics, it will return the highest profitability in strategic markets. With its offering of widebody comfort in a single-aisle aircraft, it is the right-sized platform for us.”
“We consider airlines operating in Turkey and the Middle East to be prime candidates for CSeries aircraft,” says Guy Hachey, president and chief operating officer of Bombardier Aerospace. “Airlines in the region face revenue and performance challenges as their current fleets are composed mainly of jet aircraft larger than the CSeries aircraft. The CSeries aircraft gives airlines a right-sized solution optimized for their environment and operation.”
Founded in 2001, Atlasjet operates 17 aircraft on domestic and international routes, flying a mix of scheduled and charter services. Atlasjet is operated and managed by Ersoy Turistik Servisleri (ETS), a conglomerate of travel companies which has tourism offices across Turkey.
Atlasjet operates domestic scheduled passenger services and regular charter flights to cities across Europe, Kazakhstan, Iraq and Saudi Arabia. Operating from its main base at Atatürk International Airport in Istanbul, the airline also has hubs at Izmir’s Adnan Menderes Airport and at Antalya Airport.
“The CSeries aircraft has the range and payload capability that meet our mission requirement,” says Orhan Coskun, chief executive officer of Atlasjet. “The CSeries aircraft has excellent operational flexibility and that’s what we need.”
Bombardier Commercial Aircraft forecasts that Turkey will play a key role in the transformation of the aviation industry in the Middle East and Eastern Europe. Carriers in the region, especially in Turkey and the Middle East, have consistently reported increased annual revenues and capacity growth.
Designed for the growing 100- to 149-seat market, the new CSeries family of airliners will be powered by Pratt & Whitney PurePower PW1500G geared-turbofan engines.
According to the manufacturer, the Bombardier CSeries family will offer a 15 per cent cash operating-cost advantage and a 20 per cent fuel-burn advantage over existing jets of comparable size, based on a 500-nautical mile North American operating environment.
Bombardier says the CSeries’ clean-sheet design also means it will achieve greatly reduced noise and emissions, as well as superior operational flexibility, exceptional airfield performance and a range of 2,950 nautical miles (5,463 kilometers). The CSeries models will be up to 12,000lb (5,443kg) lighter than other aircraft in the same seat category and will provide passengers with a widebody cabin environment in a single-aisle aircraft.
The manufacturer has booked firm orders for 133 CSeries airliners from Republic Airways (40 CS300s); Deutsche Lufthansa AG (30 CS100s); Lease Corporation International Group (17 CS300s and three CS100s); Korean Air (10 CS300s); Braathens Aviation (five CS100s and five CS300s); an unidentified major network carrier (10 CS100s); an unidentified European customer (10 CS100s); and a well-established, unidentified airline (three CS100s).
Bombardier’s CSeries program has also booked options for 119 aircraft and purchase rights for 10 from these customers, as well as a letter of intent for up to 30 CSeries aircraft from Ilyushin Finance Co.