airBaltic orders up to 60 Bombardier CS300 aircraft

Based on the list price of the CS300 aircraft, the firm order is valued at approximately $2.9 billion. This amount would increase to nearly $5.9 billion should all 15 options and 15 purchase rights be exercised.

“As the C Series aircraft program continues to gain market acceptance, this significant reorder from our CS300 launch operator is a strong testimony to the aircraft’s exceptional in-service performance,” said Fred Cromer, president, Bombardier Commercial Aircraft. “Furthermore, we are proud that the CS300 has helped airBaltic maintain its position as one of the world’s most punctual airlines. The C Series aircraft is at the forefront of the small single-aisle market, and airBaltic played a key role in demonstrating its value. In the last 18 months, we have witnessed airBaltic’s growing leadership in the market, and we wish the airline further success with its expanded CS300 fleet.”

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 significant expansion of routes from all three Baltic countries – Latvia, Estonia and Lithuania.

Martin Gauss, CEO of airBaltic, added: “As an early adopter of the C Series, we took a forward-looking decision on advanced technology to support our turnaround plan leading to sustainable profitability, and today we are benefiting from the most fuel-efficient small single-aisle aircraft. With demonstrated fuel savings of more than 22%, the CS300 aircraft plays a vital role in maintaining our operating cost at a low level. In 2017, we experienced outstanding growth and showed the world the unique capabilities and comfort of this innovative aircraft. We successfully executed our fleet modernization strategy, and are excited to further grow our fleet up to 80 CS300 aircraft while phasing out our other aircraft types in the next three years.

“We are now commencing the implementation of our next business strategy – Destination 2025, which foresees airBaltic expanding the map of its operations. A critical part of this new strategy is the introduction of a larger and exclusive fleet of all-CS300 aircraft, which are the most suitable aircraft for the markets in which we operate.”

Deliveries pertaining to this new order 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.

www.bombardier.com