airBaltic signs Letter of Intent for up to 20 Bombardier CSeries airliners

Riga, Latvia-based Air Baltic has signed a letter of intent (LOI) to acquire 10 CS300 aircraft and take purchase rights on a further 10 CS300 jetliners. Based on the list price of the CS300 airliner, a firm-order contract with the network carrier will be valued at approximately US$764m and could increase to US$1.57bn should the 10 purchase rights be converted to firm orders.