GE Capital Aviation Services places order for up to 10 additional ATR 72-600s

The global lessor expands its portfolio amid a surge in regional traffic across the world

Today the aircraft financing and leasing company GE Capital Aviation Services (GECAS) and ATR signed a contract for the purchase of 5 firm and 5 optional ATR 72-600 aircraft. The deal is valued at $241 million (USD). Deliveries will commence in 2015. The agreement was signed by Norman Liu, President and CEO of GECAS, and Filippo Bagnato, CEO of ATR, during a ceremony held today at the Dubai International Air Show.

Today’s order from GECAS for up to 10 ATR 72-600 aircraft confirms the increasing role played by the leasing market for financing ATR’s fuel-efficient turboprop airplanes. The new turboprops will benefit from the latest technological developments that distinguish the -600s: a new avionics suite with latest generation glass cockpit, redesigned and stylish cabin interiors, and enhanced engine performance and payload.

“The ATR 72-600 is a key piece of GECAS’s regional aircraft portfolio of modern, fuel-efficient aircraft,” Norman Liu said. “We have seen significant market interest in the ATRs and that is why we have added more of them to our portfolio. These aircraft will support the strong growth in regional air transport we anticipate over the coming years.”

“The ATR 72-600 is a key piece of GECAS’s regional aircraft portfolio of modern, fuel-efficient aircraft,” Norman Liu said. “We have seen significant market interest in the ATRs and that is why we have added more of them to our portfolio. These aircraft will support the strong growth in regional air transport we anticipate over the coming years.”

With today’s order from GECAS, ATR confirms its success among leasing companies all over the world. Since 2010, lessors have purchased over 100 new ATR-600 aircraft, contributing to ATR’s nearly 75% of total orders of regional aircraft up to 90 seats.

About the ATR 72-600:

  • Passenger capacity: 68 to 74 seats
  • Engines: Pratt & Whitney 127M
  • Maximum take-off power: 2,750 horsepower per engine
  • Maximum take-off weight: 23,000 kg
  • Maximum load: 7,500 kg
  • Maximum flight range when fully loaded: 900 nautical miles (1,665 km)

About GECAS:

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,750 owned and managed aircraft with approximately 240 airlines in 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world. Follow GECAS on Facebook GE Capital Aviation Services) and on Twitter (GECASNews).

 

 

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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.