Regional aircraft manufacturer ATR announced Singapore-based aircraft lessor Avation has exercised its purchase rights for five more ATR 72-600 aircraft.
Regional aircraft manufacturer ATR announced Singapore-based aircraft lessor Avation has exercised its purchase rights for five more ATR 72-600 aircraft.
The additional five ATR 72-600s are under a long-term agreement signed between ATR and Avation in 2011. Deliveries are scheduled for 2028 and 2029.
Avation's latest commitment will bring its net firm orders for ATR aircraft to 54, which according to Avation's Executive Chairman Jeff Chatfield the aircraft is the “ideal platform” for regional route operations, and development and replacement of older, less efficient equipment.
According to Avation's website, the aircraft lessor's fleet includes 13 ATR-600 and 4 ATR 72-500s. The lessor has 10 ATR 72-600s listed on order and 24 options.
“By committing to five additional ATR 72-600 aircraft, Avation continues to build out its growth pathway for the late-2020s and beyond, increasing its future fleet availability for key airline customers in high-growth regional markets,” Chatfield said.
Nathalle Tarnaud Laude, ATR's Chief Exective Officer added: “Avation’s renewed confidence is especially meaningful because lessors play a pivotal role in expanding the ATR community. Many airlines first experience the performance and economics of our aircraft through leasing, and in countless cases this has led them to later invest in their own fleet of brand-new ATRs. By exercising these purchase rights, Avation reinforces a partnership that actively drives market growth while helping us deliver responsible, reliable connectivity to communities worldwide.”
Based in Singapore, Avation's has a fleet of around 32 aircraft including ATR turboprop aircraft and Airbus family aircraft including the A330-300, A321/A320, and A220-300. The company has 16 listed customers including Vietjet, easyJet, airBaltic, Etihad, EVA Air, Fiji Airways, and Cebu Pacific.
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