Avation increases to 35 its fleet of ATR 72s

ATR and the Singapore-based lessor announce 5 additional ATR 72-600s

 

Singapore, February 16, 2016 – The world’s leading turboprop manufacturer ATR and the Singapore-based commercial aircraft lessor Avation PLC announced an agreement for the purchase of five new ATR 72-600 aircraft. At list prices the acquisition is valued at about US $130 million and brings to 35 the total number of firm ATR 72s ordered by Avation PLC since their first ATR purchase in 2011.
 
As of today, Avation has already taken delivery of over 20 ATR 72s, mostly ATR 72-600s, which currently fly in the liveries of Virgin Australia, Flybe (for Scandinavian Airlines), UNI Air (Taiwan), Air India and Fiji Airways. Deliveries of the remaining ATR 72-600s on order extend out to 2018.
 
ATR aircraft are the best-selling regional aircraft for below-90-seats size since 2010, representing 77% of global orders for turboprops. ATR is also experiencing an outstanding success among leasing firms in the same period, booking 87% of all their orders for below-90-seat regional aircraft. Avation is the second largest lessor by number of new ATRs ordered.
 
According to Jeff Chatfield, Avation’s Executive Chairman, “We believe the ATR 72 is the most efficient aircraft type for regional routes. It provides the lowest fuel burn and the most reduced operating costs among all regional aircraft of its category. ATRs are superb assets for lessors, they offer great returns and also allow portfolio diversification. Avation raises equity and debt with the London and New York markets and we are proud to promote the ATR in these essential forums”.  
 
Patrick de Castelbajac, Chief Executive Officer of ATR, announced: “We are pleased to strengthen our business relations with Avation. This company has helped introduce the new ATR ‘-600s’ to a large number of world class airlines operating in regional networks. Our partnership has enabled us to bring our portfolio of operators to over 200 carriers for the first time. Our success among leasing firms from all over the world underlines our product’s ability to consolidate and expand regional connectivity in very different operational environments”.

 
About the ATR 72-600:

  • Passenger capacity: 68-78 seats
  • Engines: Pratt & Whitney 127M
  • Maximum power at take-off: 2,750 horsepower per engine
  • Maximum weight at take-off: 23,000 kg
  • Maximum load: 7,500 kg
  • Maximum range with full passenger load: 900 nautical miles (1,665 km)
About Avation PLC:
Avation PLC (Public Limited Company) is a specialist in commercial passenger aircraft leasing. The company manages a large fleet of turboprops and jets which it leases to airlines across the world. Avation PLC customers include Virgin Australia, Thomas Cook, Condor, Air France, Fiji Airways and UNI Air. The company’s fleet includes Airbus A320 and Boeing B737 family aircraft as well as ATR 72s and Fokker 100s. For more information, visit www.avation.net.  

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About ATR

ATR is the world number one regional aircraft manufacturer with its ATR 42 and 72 aircraft the best-selling aircraft in the less than 90-seat market segment. In 2019 the company had a turnover of US$1.6 billion. The unifying vision of the company’s 1,400 employees is to help everyone, no matter where they are in the world, to connect and develop in a responsible manner. Thanks to the efficiency of turboprop technology and the benefits of the company’s focus on continuous innovation, ATR aircraft open more than 100 new routes every year, burn up to 40% less fuel and emit up to 40% less CO2 than regional jets. For all of these reasons, ATR aircraft have been chosen by some 200 companies in 100 countries around the world. ATR is a joint-venture between Airbus and Leonardo.