airBaltic signs con­tract for pur­chase of 60 more CS300 air­craft

Baltic News Network - - News -

Latvia’s na­tional airBaltic air­line and Bom­bardier Com­mer­cial Air­craft have an­nounced the sign­ing of a pro­cure­ment con­tract for 30 Bom­bardier CS300 air­craft with op­tion to pro­cure 30 more in the fu­ture, as BNN was in­formed by the air­line.

This or­der is an ad­di­tion to the one signed for the pro­vi­sion of 20 CS300 air­craft. It also forms the foun­da­tion for airBaltic’s Des­ti­na­tion 2025 busi­ness plan, con­tin­u­ing the pre­vi­ous Hori­zon 2021 plan. «As the first air­line in the world to have com­menced flights us­ing CS300 air­craft, we have made a far-reach­ing de­ci­sion in favour of new tech­nolo­gies that will help en­sure sus­tain­able prof­itabil­ity. Be­cause CS300 helps save up to 22% of fuel, it helps main­tain op­er­a­tional costs down. We ex­pe­ri­enced ex­cel­lent growth in 2017. We also proved to the world this air­craft’s unique ad­van­tages and ad­van­tages. We have suc­cess­fully com­menced mod­ern­iza­tion of our ex­ist­ing fleet. We are happy to ex­pand our fleet to up to 80 CS300 air­craft, which will re­place our other air­craft within the next year,» says airBaltic CEO Martin Gauss.

«New we are ready to com­mence the next stage of our busi­ness strat­egy – Des­ti­na­tion 2025. As part of this strat­egy, airBaltic has plans to ex­pand its ac­tiv­i­ties. One ma­jor part of the new busi­ness plan is the for­ma­tion of a larger and more ex­clu­sive fleet con­sist­ing only of CS300 air­craft, which are more ap­pro­pri­ate for our mar­ket,» said Gauss.

Des­ti­na­tion 2025 is based on ex­pan­sion of all routes for all three Baltic States and en­sur­ing reg­u­lar con­nec­tiv­ity with the main Euro­pean cap­i­tals. The strat­egy pro­vides for airBaltic to achieve a sig­nif­i­cant in­crease of pas­sen­gers and rev­enue by 2025. Al­ready lead­ing Euro­pean air­lines have sin­gle-type air­craft fleets, which helps im­prove cost-ef­fi­ciency. Pro­cure­ment of new air­craft will help pro­vide airBaltic with the nec­es­sary pre-con­di­tions to se­cure longterm sta­bil­ity.

Latvia’s Trans­port Min­is­ter Uldis Augulis be­lieves 2017 was the most suc­cess­ful in airBaltic’s his­tory.

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