Leasing Firm Avation PLC signs for 7 additional ATR 72-600s

The world’s leading regional turboprop aircraft manufacturer ATR and Singapore-based lessor Avation PLC today announced the signature of a new contract for the purchase of 7 additional ATR 72-600s, valued at over US$ 160 million. These aircraft bring to 20 the total firm orders for ATRs inked by Avation PLC since early 2011. In addition, Avation has a number of further options and purchase rights. The first 7 ordered aircraft have already been delivered to Avation and are operated in the Virgin Australia network by SkyWest Airlines. 

Commenting on the deal, Jeff Chatfield, Chairman and Founding Director of Avation PLC, declared: “We are pleased with the outstanding performance and commercial results that our ATR aircraft are already providing us. We are glad to reinforce our partnership with ATR with this order for additional aircraft. These new ATR 72-600s will further help our customers expand regional air connectivity while providing the highest standards of comfort and economy to their passengers”.

“We are honoured to have the renewed confidence of this important customer”, highlighted Filippo Bagnato, Chief Executive Officer of ATR. “The first Avation order allowed ATR to develop its presence in the important Australian market. The ATR 72-600 has become the new reference of regional aviation and is experiencing outstanding success in Asia and the South Pacific. The ATR 72-600s are the right solution for replacing jets and for market development on shorter regional routes for direct service between small and medium-sized destinations as well as to feed main hubs”.

About the ATR 72-600:

  • Passenger capacity: 68-74 seats
  • Engines: Pratt & Whitney Canada PW 127M
  • Maximum power at take-off: 2,750 horse power 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 is a Singapore based regional aircraft lessor. Avation Plc is listed on the London Stock Exchange (LSE: AVAP). Information can be found at 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.