Air Baltic’s Hurry For Bombardier CSeries Deal Foreshadows Jet Selling Spree | 11/28/2016 | Staff
Night987Night987 (Posted by) Level 3
SYDNEY (Reuters) – Latvia-based AirBaltic hastened a deal for Bombardier CSeries planes before Airbus formally takes over the Canadian planemaker because it was worried about securing the right delivery slots, the carrier’s chief executive said on Wednesday.

Airbus agreed to buy a majority stake in Bombardier’s troubled CSeries jetliner program in October last year after the high-tech plane failed to win enough buyers.

Airbus - Backing - CSeries - Stability - Industry

While the Airbus backing gives the CSeries financial stability, most industry sources have said potential customers are waiting for the deal to close before placing orders.

But Air Baltic’s move to buck the trend suggests some assume Airbus will speed up sales once the deal closes.

Opinion - Delivery - Positions - Takeover - Somebody

“We could have waited, but we were of the opinion that we better buy them now to secure these (delivery) positions, not to risk that after the takeover somebody else takes (them),” Martin Gauss told Reuters at a CAPA-Centre for Aviation conference.

“That was, for us, the rationale to say, ‘Let’s close it now,’ because we need the first two aircraft at the end of 2019.”

Air - Baltic - Firm - Order - CS300

Air Baltic’s firm order for 30 CS300 aircraft, announced last week, is part of a strategy to move to a harmonized fleet and boost traffic and...
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