April 12, 2016 / 2:12 PM / a year ago

BUZZ-Bombardier Inc: Air Baltic raises firm orders for CS300 aircraft

1 Min Read

** Canadian aircraft and train maker's shares up 4.7 pct at C$1.33

** Latvian carrier Air Baltic Corp raises firm orders for CS300 aircraft to 20 by converting 7 option planes to firm

** Based on list price of CS300 airliner, order is valued at about $506 mln

** Bombardier announced 10 firm orders for CS300 aircraft and option for another 10 planes from Air Baltic on Dec. 20, 2012; Air Baltic converted 3 option aircraft to firm in February 2014

** Up to Monday's close, stock had fallen 95 pct this year

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