Bombardier Aerospace announced last month that Nordic Aviation Capital of Billund, Denmark, has signed a firm purchase agreement to acquire four Q400 turboprops. Bombardier places the value of the contact, based on list prices, at $134.77 million.
Bombardier displayed its determination to cement the credibility of the new CSeries narrowbody last Thursday during a formal unveiling of the program’s first flight-test vehicle (FTV1) at its factory in Mirabel, Quebec. In the process, it issued a bold challenge to Boeing and Airbus with the launch of a higher-capacity CS300, capable of carrying as many as 160 passengers.
Latvian carrier Air Baltic has signed a letter of intent for 10 Bombardier CSeries CS300 twinjets worth $764 million (at list prices), with purchase rights for 10 more. Deliveries are to start in the first quarter of 2015.
Air Baltic currently has eight Bombardier Q400s in its fleet, along with 10 Fokker 50s, 16 Boeing 737-300/500s and two Boeing 757s.
Scandinavian Airlines (SAS) has settled with Bombardier and Goodrich Aerospace the terms of a compensation agreement stemming from the airline’s grounding of its entire fleet of 27 Q400s last year. Although it would not disclose the precise conditions, SAS said the value of the compensation it will receive slightly exceeds 1 billion Swedish crowns ($163.5 million) in cash and credits for future firm and optional aircraft orders.
Traffic recovery continued to accelerate during the first half of the year, according o the latest statistics from the ERA. With data collected from 35 of the group’s 67 member carriers, revenue passenger kilometers (RPKs) between January and June of this year increased by 9.9 percent, compared with a growth rate of 5.4 percent in the same period last year.
Free trade, reorientation toward the West and tourism have all contributed to the fast development of air traffic in the Baltics. The three Baltic States– Lithuania, Latvia and Estonia–rank among the smallest European nations, but each boasts unique historic sites and landscapes appreciated by tourists, a long tradition in trade and crafts and a skilled workforce.