Leasing Firm Avation 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”.

Source: ATR Aircraft - an Alenia Aeronautical and EADS joint venture
Date: Dec 18, 2012