Canadian Manufacturing

AirBaltic signs deal to buy 30 Bombardier C Series jets, plus options for 30 more

If options are exercised, the deal will be valued at $7.7 billion. Latvian carrier airBaltic is currently operating eight CS300 jets

May 28, 2018  by The Canadian Press

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.

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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.