10 July 2012
Latvian flag carrier is the newest CSeries aircraft customer Bombardier Aerospace announced today that Riga, Latvia-based Air Baltic Corp. (airBaltic) has signed a letter of intent (LOI) to acquire 10 CS300 aircraft and take purchase rights on a further 10 CS300 jetliners.

 Based on the list price of the CS300 airliner, a firm-order contract with the network carrier will be valued at approximately $764 million US, and could increase to $1.57 billion US should the 10 purchase rights be converted to firm orders.

 “As we look to replace the older aircraft in our fleet, matching the requirements of our business plan, we reviewed the narrowbody platforms from the major airframers and determined that the all-new CS300 aircraft was the best fit. With its advanced technologies, it is optimized for our market sizes and will be an excellent companion to the eight Bombardier Q400 NextGen turboprops in our fleet,” said Martin Gauss, Chief Executive Officer, airBaltic. “The superb economics of the aircraft and the delivery timeframe that is available to us are also key factors in our decision to choose Bombardier’s CS300 airliners for our network.”

See full article at Bombardier