FARNBOROUGH: AirBaltic signs letter of intent for 20 CS300s

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Latvian carrier AirBaltic has signed a letter of intent for up to 20 Bombardier CS300 aircraft during the Farnborough air show today.

The airline would buy 10 aircraft and has purchase rights for 10 more, under the terms of the LOI. Deliveries will begin in the first quarter of 2015.

Bombardier values the initial order at $764 million.