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AirBaltic eyes more Bombardier C Series jets

AirBaltic is looking at expanding its order for 13 new Bombardier C Series jets, its chief executive said on Friday, as it prepares to plug a gap in its finances with fresh investment.


December 1, 2015
By Reuters

The Latvian flag carrier has 13 firm orders for the larger of two versions of Canada’s biggest jetliner, known as CS300, and options for a further 7 which could be used either for the same model or for the smaller CS100. Any additional aircraft would come through exercising existing options and would be added to its balance sheet.

“We want to buy them. That’s what the business plan says, because it’s better for AirBaltic in the future if we have the chance to put the aircraft into our equity,” Chief Executive Martin Gauss told Reuters. | READ MORE