Thu, Jul 12, 2012
Latvian Flag Carrier Is The Newest CSeries Aircraft Customer
Riga, Latvia-based Air Baltic has signed a letter of intent (LOI) to acquire 10 CS300 aircraft and take purchase rights on a further 10 CS300 jetliners. Bombardier Aerospace announced Tuesday that, based on the list price of the CS300 airliner, a firm-order contract with the network carrier will be valued at approximately $764 million, and could increase to $1.57 billion 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."
"In addition, the travelling experience of our passengers will be further enhanced by the CSeries aircraft's widebody comfort, including the five-abreast seating and wider middle seat," added Mr. Gauss.
"The CSeries aircraft program continues to reach new milestones, expanding into new markets with unique applications. As the newest customer to join the CSeries aircraft program, airBaltic - known for being innovative - demonstrates the growing demand and need for unmatched technologies and operational flexibility," said Mike Arcamone, President, Bombardier Commercial Aircraft. "We are thrilled that airBaltic will look to the CSeries aircraft to implement its new initiatives and integrate new levels of passenger comfort. The diversity of the CSeries aircraft customers - from national carriers such as airBaltic, major network carriers, low-fare airlines, premium airlines serving city centre airports, and leasing companies - speaks volumes about the flexibility of the aircraft to serve diverse air transport needs worldwide."
(Image provided by Bombardier)
More News
"As previously announced on February 29th, our IM-1 mission ended seven days after landing, as Odysseus' mission was not intended to survive the harsh temperatures of the lunar nig>[...]
Marker Beacon An electronic navigation facility transmitting a 75 MHz vertical fan or boneshaped radiation pattern. Marker beacons are identified by their modulation frequency and >[...]
Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]
Also: Moron With A Laser, EAA Aviation Museum, FAA v Santa Monica Propeller Service, Frontier MEC Lauds FO Boom Supersonic has confirmed details surrounding the successful first te>[...]
We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]