AirBaltic signs deal to buy 30 Bombardier C Series jets, plus options for 30 more
by The Canadian Press
If options are exercised, the deal will be valued at $7.7 billion. Latvian carrier airBaltic is currently operating eight CS300 jets
MONTREAL—Bombardier Inc. says Air Baltic Corp. has signed a deal to buy 30 CS300 aircraft with options and purchase rights for 30 more.
Based on the list price, the firm order is valued at about $3.8 billion.
If the options and purchase rights are exercised in full, the value of the deal will increase to about $7.7 billion.
Deliveries are scheduled to start in the fourth quarter of 2019.
The agreement builds upon an earlier order by the airline for 20 CS300 aircraft. AirBaltic is currently operating eight CS300 jets.
Bombardier says the deal makes airBaltic the largest European C Series customer and the second largest customer worldwide.