airBaltic Signs Firm Order for up to 20 CSeries Airliners

airBaltic Signs Firm Order for up to 20 CSeries Airliners 
TORONTO, ONTARIO -- (Marketwire) -- 12/20/12 --   


 
--  Latvian airline transitions to an all-Bombardier fleet with the addition
    of CS300 jetliners to its existing fleet of Q400 NextGen aircraft 
--  A video is available at http://youtu.be/KNh-L8ZKAEM 

 
Bombardier Aerospace announced today that airBaltic has signed a firm
purchase agreement to acquire 10 all-new Bombardier CS300 airliners.
The Riga, Latvia-based airline also has purchase rights on a further
10 CS300 aircraft. The purchase agreement represents the conversion
to firm orders of a Letter of Intent (LOI), announced at the
Farnborough Air Show on July 10, 2012. The LOI also included the
purchase rights on the 10 additional CS300 aircraft. 
Based on the list price of the CS300 airliner, the firm-order
contract is valued at approximately $764 million US and could
increase to $1.57 billion US should the 10 purchase rights be
converted to firm orders. 
"A modern and efficient fleet is one of the fundamentals of the
airline business, and this order is a progressive and exciting move
forward for us. Following an in-depth analysis of existing and
re-engined aircraft, as well as the new technologies offered by
Bombardier's all-new CSeries aircraft, the results were clear and we
selected the CSeries airliner," said Martin Gauss, Chief Executive
Officer, airBaltic. "Earlier this year we launched our "ReShape"
business plan that calls for the replacement of older aircraft and
the transition to "greener flying" with an exclusive all-Bombardier
fleet that will eventually involve taking on more Q400 NextGen
aircraft together with the new CSeries aircraft. The C300 airliner
and the Q400 NextGen turboprop - each being the most efficient
aircraft in its class - will optimize airBaltic's network and fit
perfectly in our "ReShape" business plan due to their performance,
economics, environmental benefits and passenger comfort." 
"Recognized as one of the world's most innovative airlines, airBaltic
demonstrates the growing demand and need for unmatched technologies,
operational flexibility and efficiencies," said Mike Arcamone,
President, Bombardier Commercial Aircraft. "We are delighted that
airBaltic is complementing its fleet of eight Q400 NextGen turboprops
with the CSeries aircraft to implement its new initiatives and
integrate new levels of passenger comfort and greener flying." 
CSeries aircraft 
Designed for the growing 100- to 149-seat market, the 100 per cent
new CSeries aircraft family combines advanced materials, leading-edge
technology and proven methods to meet commercial airline requirements
in 2013 and beyond. Powered by Pratt & Whitney PurePower PW1500G
engines, the CSeries aircraft family will offer a 15(i) per cent cash
operating cost advantage and a 20(i) per cent fuel burn advantage.
The CSeries aircraft's clean-sheet design is ensuring that the
aircraft will achieve greatly reduced noise and emissions, as well as
superior operational flexibility, exceptional airfield performance
and a range of 2,950 nm (5,463 km)(i). The CSeries aircraft will be
up to 12,000 lbs. (5,443 kg)(i) lighter than other aircraft in the
same seat category and will provide passengers with a best-in-class,
widebody cabin environment in a single-aisle aircraft. 
As of September 30, 2012, Bombardier had booked orders and
commitments for 352 CSeries aircraft that include firm orders for 138
CSeries airliners. 
The 14 customers that have joined the CSeries aircraft program - ten
with firm orders - include major network carriers, national and
premier carriers, low-cost airlines, leasing companies and a full
service provider to airline partners.  
About airBaltic 
airBaltic serves 60 destinations with direct flights from its home
base in Riga, Latvia and offers convenient connections via Riga to
its network spanning Europe, Scandinavia, Russia, CIS and the Middle
East. 
About Bombardier 
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, 2011, we posted revenues of $18.3
billion USD. News and information are available at bombardier.com or
follow us on Twitter @Bombardier. 
Notes to editors 
Images of CS300 aircraft in airBaltic's livery are posted with this
press releases at: www.bombardier.com. A video is available at
http://youtu.be/KNh-L8ZKAEM. 
Additional information on CSeries aircraft is available at:
www.cseries.com. 
Follow @Bombardier_Aero on Twitter to receive the latest news and
updates from Bombardier Aerospace. 
(i) The CSeries aircraft are in the design phase. All data and
specifications are estimates, subject to change in family strategy,
branding, capacity and performance during the design, manufacture and
certification process. Performance has been estimated based on a
500-nm North American operating environment. 
Bombardier, CS300, CSeries, NextGen, Q400 and The Evolution of
Mobility are trademarks of Bombardier Inc. or its subsidiaries. 
Contacts:
Marc Duchesne
Bombardier Commercial Aircraft
+1-416-375-3030
www.bombardier.com
 
 
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