Order brings the C Series firm order book to over 400 aircraft.
Bombardier and airBaltic announced on May 28 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. Based on the list price of the CS300 aircraft, the firm order is valued at approximately US$ 2.9 billion. This amount would increase to nearly US$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 the significant expansion of routes from all three Baltic countries – Latvia, Estonia and Lithuania.
Deliveries 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.