Bloomberg News

Bombardier Says AirBaltic to Buy Up to 20 CSeries Jets

July 10, 2012

Bombardier Inc. (BBD/B) said Latvian carrier AirBaltic AS signed a letter of intent to buy as many as 20 CSeries jets, the Canadian planemaker’s first entry into the market for narrow-body airliners.

The agreement calls for Riga-based AirBaltic to order 10 of the CS300 model and get purchase rights for 10 more, Bombardier said today in a statement at the Farnborough air show outside London. A firm order for the first 10 planes would be valued at about $764 million, Bombardier said.

Bombardier has struggled for orders in its bid to crack Airbus SAS (EAD) and Boeing Co. (BA:US)’s airliner-building duopoly, with most purchases at about 10 planes while the competitors sell scores or even hundreds of jets at a time. Bombardier said July 8 it won a conditional order for 15 CSeries planes valued at $1.02 billion from a buyer that asked to remain unidentified.

CSeries orders totaled 138 heading into the Farnborough International Air Show. Montreal-based Bombardier is trying to carve out a market for a plane able to seat 100 to 149 people, the smaller end of the narrow-body aircraft segment.

To contact the reporters on this story: Ed Dufner in Farnborough, England, at;

To contact the editors responsible for this story: Benedikt Kammel at; Ed Dufner at

The Good Business Issue

Companies Mentioned

  • BA
    (Boeing Co/The)
    • $131.63 USD
    • 0.39
    • 0.3%
Market data is delayed at least 15 minutes.
blog comments powered by Disqus