The order represents a major step in AirBaltic's strategic move to operate an all-Bombardier fleet. The move will also see the Latvian carrier eventually...

Latvia’s AirBaltic has placed a firm order for 10 Bombardier CS300 airliners and has secured purchase rights on a further 10.

AirBaltic’s purchase agreement represents the conversion to firm orders of a letter of intent (LOI) announced at the Farnborough International Airshow 2012 on July 10, 2012.


The Riga, Latvia-based airline’s LOI also included the purchase rights on the 10 additional Bombardier CS300 aircraft.

On July 10, 2012, during the Farnborough International Airshow 2012, AirBaltic signed a letter of intent to acquire 10 Bombardier CS300s and take purchase rights on 10 more. AirBaltic firmed the order for 10 on December 20, 2012 and secured its purchase rights on the additional 10

 

Based on the list price of the Bombardier CS300, Bombardier Aerospace values the firm order at approximately US$764 million. This could increase to US$1.57 billion should the 10 purchase rights be converted to firm orders.

The order represents a major step in AirBaltic’s strategic move to operate an all-Bombardier fleet. The move will also see the Latvian carrier eventually taking additional Bombardier Q400NextGen turboprop airliners to add to eight already in service.

“A modern and efficient fleet is one of the fundamentals of the airline business, and this order is a progressive and exciting move forward for us,” says  said Martin Gauss, chief executive officer of AirBaltic. “Following an in-depth analysis of existing and re-engined aircraft, as well as the new technologies offered by Bombardier’s all-new CSeries aircraft, the results were clear and we selected the CSeries airliner.”

Adds Gauss: “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.”

Riga, Latvia-based AirBaltic operates eight Bombardier Q400s and expects to take additional Q400NGs as it transitions to an all-Bombardier fleet. AirBaltic has also ordered up to 20 Bombardier CS300s to replace Boeing 737-500s and 737-300s in its fleet

 

Gauss continues: “The C300 airliner and the Q400 NextGen turboprop – each being the most efficient aircraft in its class − will optimize AirBaltic’s network and fit perfectly in our “ReShape” business plan due to their performance, economics, environmental benefits and passenger comfort.”

The manufacturer now holds commitments for 382 Bombardier CSeries jets from 14 customers, including firm orders for 148 aircraft from 10 customers.

AirBaltic serves 60 destinations with direct flights from its home base in Riga and offers convenient connections at Riga to its network spanning Europe, Scandinavia, Russia, the CIS and the Middle East.