Transaction includes Options On 10 Additional CSeries
aircraft
Braathens Leasing Limited, a member of Braathens Aviation of
Sweden, has placed a firm order for five Bombardier CS100 and five
CS300 mainline jetliners. Braathens also took options on an
additional 10 CSeries aircraft. Based on list prices for the CS100
and CS300 aircraft, the firm order contract is valued at
approximately $665 million. That could increase to approximately
$1.37 billion if the 10 options are converted to firm
orders.
The CSeries aircraft will be operated by Braathens Aviation
member Malmö Aviation from its base at the Bromma-Stockholm
City Airport, situated just a few kilometres from downtown
Stockholm. Malmö Aviation currently operates 12 jet aircraft
and intends to renew its fleet and explore new business
opportunities with its CSeries aircraft starting in 2014.
“The performance and environmental features of
Bombardier’s CSeries aircraft will not only strengthen our
position as the leading operator at Bromma-Stockholm City Airport,
but will allow us to expand our business throughout the
region,” said Geir Stormorken, Chairman, Braathens
Aviation.
“Bromma, being a city airport, has very strict noise
regulations, as well as a short runway,” said Knut Solberg,
Chief Executive Officer, Braathens Aviation. “We have been
very focused on noise, emissions, fuel consumption and runway
performance in our decision for a new aircraft type. With the
CSeries aircraft, we found exactly what we were looking for. The
CSeries aircraft promise excellent runway performance, noise levels
which are less than half those of any similarly-sized aircraft
currently in production, as well as unsurpassed environmental
credentials. We think that the CSeries family of aircraft is a
‘game-changer’ in the context of the environment and
performance, and we are very excited about introducing the CSeries
jetliners to our passengers.”
“With its order for CSeries aircraft, Braathens Aviation
continues to illustrate its deep commitment to its customers and to
the community in which it operates,” said Gary R. Scott,
President, Bombardier Commercial Aircraft. “Braathens
Aviation’s visionary leaders have chosen the CSeries
aircraft’s game-changing technologies and 21st century design
to help them deliver on their commitments, and we at Bombardier
appreciate their confidence.”
The CS100 aircraft is scheduled to enter revenue service in
2013, followed by the CS300 aircraft in 2014.
The transaction announced Tuesday by Bombardier increases firm
orders for the CSeries family of aircraft to 100, including 38
CS100 and 62 CS300 aircraft, and raises the number of CSeries
aircraft customers to four. Other customers that have ordered
CSeries aircraft include Republic Airways (40 CS300 aircraft),
Deutsche Lufthansa AG (30 CS100 aircraft) and Lease Corporation
International Group (17 CS300 and three CS100 aircraft). In
addition, the CSeries aircraft program includes options for 100
aircraft.