Bombardier receives order for 10 C-Series jets

The Bombardier C-Series jet is seen under construction at its Mirabel, Quebec plant in this handout...

The Bombardier C-Series jet is seen under construction at its Mirabel, Quebec plant in this handout photograph released to Reuters on October 15, 2012. (REUTERS/Bombardier Inc/Handout)

ALLISON MARTELL, Reuters

, Last Updated: 4:17 PM ET

Latvia's airBaltic has placed a firm order for 10 C-Series jets from Bombardier Inc., with an option for up to 10 more, the Canadian aircraft and train maker said on Thursday.

Bombardier said in a statement that the deal is worth about $764 million, or up to $1.57 billion if all of the options are exercised.

The Montreal-based company, which delayed the first flight of the new C-Series aircraft in November, has seen sluggish demand for the jet to date.

The C-Series is Bombardier's biggest aircraft yet, and competes with smaller regional planes built by industry giants Airbus and Boeing Co.

Shares rose 1.4 to C$3.62 in early trading on the Toronto Stock Exchange.


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