|By Marketwired .||
|July 14, 2014 06:23 AM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 07/14/14 -- Farnborough Airshow - Bombardier Aerospace announced today that Riga, Latvia-based Air Baltic Corporation AS (airBaltic) is the previously announced undisclosed customer that had converted three option aircraft to firm on the original order contract in February 2014. The original order for 10 firm airliners with options for 10 more was finalized on December 20, 2012.
Based on the list price of the CS300 airliner, the three firm aircraft order is valued at approximately $228 million US.
"As airBaltic moves forward in its business strategy and fleet optimization plan, it needs to take advantage of all the available opportunities for growth beyond 2016, and the all-new CS300 airliner continues to be the best fit hence we elected to exercise those available options. With its advanced technologies, the aircraft is optimized for our market sizes and will be an excellent companion to the 12 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 add additional Bombardier's CS300 airliners to our network."
"The CSeries aircraft's outstanding attributes - including reduced noise and emissions - provide immense opportunities for airBaltic as it moves to position itself for growth and new market development," said Ray Jones, Senior Vice President, Sales, Marketing and Asset Management, Bombardier Commercial Aircraft. "We are pleased that airBaltic, recognized as one of the world's most innovative airlines, is moving forward with an all-Bombardier fleet and business plan that will take full advantage of the CSeries airliner's unmatched technologies, operational flexibility and efficiencies."
Established in 1995, airBaltic is the main carrier in the Baltic region and operates direct flights out of Riga, Latvia and serves 60 destinations spanning Europe, Scandinavia, Russia, Commonwealth of Independent States and the Middle East with a fleet of 25 aircraft.
Bombardier is creating the future with its CSeries aircraft - the only 100 per cent-new family of airliners specifically designed for the 100- to 149-seat, single-aisle market. Benefitting from a clean-sheet design that includes leading-edge technology and systems integration, advanced materials and latest-generation aerodynamics, the CSeries aircraft offer a 15 per cent(i) cash operating cost advantage, a 20 per cent(i) fuel burn advantage, exceptional operational flexibility, widebody comfort and an unmatched environmental and noise footprint.
The CS300 aircraft offers the best seat-mile cost in its category, making it the most profitable solution for mid-sized markets with up to 150 passengers per flight, and ideal for a range of routes from short-haul to longer transcontinental markets. With the extra capacity seating option, which provides up to 160 seats, the CS300 aircraft's productivity further improves -- offering airlines an average of 4 per cent additional cash operating cost advantage per seat.
As of today, Bombardier has booked orders and commitments for 471 CSeries aircraft, which include firm orders for 203 CSeries airliners.
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Notes to editors
Images of CSeries aircraft are posted with this news release at www.bombardier.com.
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Please visit Bombardier's Web site dedicated to its upcoming events at the Farnborough International Airshow at airshows.bombardier.com.
(i) The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft.
Bombardier, CS300, CSeries, NextGen, Q400 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.