CS300 in Atlasjet livery. Courtesy, Bombardier

Istanbul-based Atlasjet Havacilik has signed a letter of intent (LOI) for 10 Bombardier CS300s and will take options on a further five, in an order valued at $776 million. It could increase to $1.18 billion if the options are converted to firm orders.

Atlasjet chairman Murat Ersoy said that there were several reasons for the order.

“The CS300 has the best economics in its class; it is well suited for our unique operations in hot temperature environments; and, based on its performance and economics, it will return the highest profitability in strategic markets. With its offering of widebody comfort in a single-aisle aircraft, it is the right-sized platform for us.”

Bombardier President and CEO Guy Hachey said that airlines operating in Turkey and the Middle East are prime candidates for the CSeries.

“Airlines in the region face revenue and performance challenges as their current fleets are composed mainly of jet aircraft larger than the CSeries aircraft. The CSeries aircraft gives airlines a right-sized solution optimized for their environment and operation.”

Founded in 2001, Atlasjet operates 17 aircraft on domestic and international routes with scheduled and charter services.

Bombardier has now booked firm orders for 133 CSeries from Republic Airways (40 CS300), Lufthansa (30 CS100), Lease Corporation International Group (17 CS300 and three CS100), Korean Air (10 CS300), Braathens Aviation (five CS100 and five CS300 aircraft), an unidentified major network carrier (10 CS100 aircraft), an unidentified European customer (10 CS100 aircraft) and a well-established, unidentified airline (three CS100 aircraft).

The CSeries aircraft program has also booked options for 119 aircraft and purchase rights for 10 from these customers, as well as an LOI for up to 30 CSeries aircraft from Ilyushin Finance Co.