|By Marketwired .||
|July 14, 2014 06:23 AM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 07/14/14 -- Farnborough Airshow - Bombardier Aerospace announced today that Riga, Latvia-based Air Baltic Corporation AS (airBaltic) is the previously announced undisclosed customer that had converted three option aircraft to firm on the original order contract in February 2014. The original order for 10 firm airliners with options for 10 more was finalized on December 20, 2012.
Based on the list price of the CS300 airliner, the three firm aircraft order is valued at approximately $228 million US.
"As airBaltic moves forward in its business strategy and fleet optimization plan, it needs to take advantage of all the available opportunities for growth beyond 2016, and the all-new CS300 airliner continues to be the best fit hence we elected to exercise those available options. With its advanced technologies, the aircraft is optimized for our market sizes and will be an excellent companion to the 12 Bombardier Q400 NextGen turboprops in our fleet," said Martin Gauss, Chief Executive Officer, airBaltic. "The superb economics of the aircraft and the delivery timeframe that is available to us are also key factors in our decision to add additional Bombardier's CS300 airliners to our network."
"The CSeries aircraft's outstanding attributes - including reduced noise and emissions - provide immense opportunities for airBaltic as it moves to position itself for growth and new market development," said Ray Jones, Senior Vice President, Sales, Marketing and Asset Management, Bombardier Commercial Aircraft. "We are pleased that airBaltic, recognized as one of the world's most innovative airlines, is moving forward with an all-Bombardier fleet and business plan that will take full advantage of the CSeries airliner's unmatched technologies, operational flexibility and efficiencies."
Established in 1995, airBaltic is the main carrier in the Baltic region and operates direct flights out of Riga, Latvia and serves 60 destinations spanning Europe, Scandinavia, Russia, Commonwealth of Independent States and the Middle East with a fleet of 25 aircraft.
Bombardier is creating the future with its CSeries aircraft - the only 100 per cent-new family of airliners specifically designed for the 100- to 149-seat, single-aisle market. Benefitting from a clean-sheet design that includes leading-edge technology and systems integration, advanced materials and latest-generation aerodynamics, the CSeries aircraft offer a 15 per cent(i) cash operating cost advantage, a 20 per cent(i) fuel burn advantage, exceptional operational flexibility, widebody comfort and an unmatched environmental and noise footprint.
The CS300 aircraft offers the best seat-mile cost in its category, making it the most profitable solution for mid-sized markets with up to 150 passengers per flight, and ideal for a range of routes from short-haul to longer transcontinental markets. With the extra capacity seating option, which provides up to 160 seats, the CS300 aircraft's productivity further improves -- offering airlines an average of 4 per cent additional cash operating cost advantage per seat.
As of today, Bombardier has booked orders and commitments for 471 CSeries aircraft, which include firm orders for 203 CSeries airliners.
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Notes to editors
Images of CSeries aircraft are posted with this news release at www.bombardier.com.
Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace.
Please visit Bombardier's Web site dedicated to its upcoming events at the Farnborough International Airshow at airshows.bombardier.com.
(i) The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft.
Bombardier, CS300, CSeries, NextGen, Q400 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
May. 24, 2016 11:15 PM EDT Reads: 897
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 24, 2016 11:15 PM EDT Reads: 944
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 24, 2016 10:45 PM EDT Reads: 1,037
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 24, 2016 10:45 PM EDT Reads: 687
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
May. 24, 2016 09:45 PM EDT Reads: 994
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
May. 24, 2016 09:00 PM EDT Reads: 1,789
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
May. 24, 2016 08:45 PM EDT Reads: 923
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
May. 24, 2016 06:30 PM EDT Reads: 736
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
May. 24, 2016 06:00 PM EDT Reads: 4,644
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
May. 24, 2016 05:00 PM EDT Reads: 1,839
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
May. 24, 2016 04:15 PM EDT Reads: 1,818
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
May. 24, 2016 04:00 PM EDT Reads: 1,679
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
May. 24, 2016 04:00 PM EDT Reads: 2,351
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 24, 2016 02:15 PM EDT Reads: 2,073
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
May. 24, 2016 02:00 PM EDT Reads: 3,842