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airBaltic Orders up to 60 Aircraft for Significant Development Breakthrough

This May, Latvian airline airBaltic and Bombardier Commercial Aircraft announced that the parties have executed a firm purchase agreement for the sale and purchase of 30 Bombardier CS300 aircraft with options for an additional 30 aircraft of the same type.

This order complements the existing order of 20 CS300 aircraft and will form the backbone of airBaltic’s new business plan Destination 2025 that builds on the successful progress of the airline’s current business plan Horizon 2021, which itself has laid the groundwork for future expansion.

Destination 2025 relies on the expansion of routes from all three Baltic countries – Latvia, Estonia and Lithuania – to major cities across Europe. The strategy also foresees that airBaltic will achieve a significant increase in passenger numbers and revenue by 2025. The most successful airlines in Europe operate uniform fleets of a larger scale supported by cost-efficient operations. airBaltic thus will have all the ingredients to enable a stable future for the company.

airBaltic currently operates direct flights to Vilnius from Amsterdam, Berlin, Stockholm, Munich, Paris, Riga and Tallinn, as well as direct flights from Riga to over 60 destinations.

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