ATR and lessor Avation PLC have reached an agreement to purchase 10 ATR 72-600s.
The Singapore-based company, however, still has 24 purchase rights that can be exercised until 2034.
The new regional aircraft will be delivered between 2025 and 2028 and will join Avation’s large fleet of 20 ATRs, in a relationship that began in 2011. Two other turboprops from a previous order are expected to be delivered this year.
“Over the years, we have witnessed the exceptional performance of ATR aircraft, and enjoyed both strong airline demand and secondary market value retention. Avation believes that over the next 10 years, low CO2, SAF compatible, latest technology aircraft such as the ATR 72, and potentially its EVO successor, will be an essential component for efficient travel worldwide,” said Jeff Chatfield, Executive Chairman of Avation PLC .
“This agreement not only reinforces our collaboration with Avation, it also reflects the strong market demand for ATR aircraft. We are proud to contribute to the success and growth of Avation’s portfolio, while fulfilling our vision of accelerating sustainable connections by ensuring worldwide communities get a quick, responsible reliable and access to essential services,” added Nathalie Tarnaud Laude, CEO of ATR.
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Avation supplies aircraft to 16 commercial airlines in 14 countries, including Air Baltic, Eva Air and Braathens. In addition to the ATR, the company has Airbus A330, A320, A220 jets and a Boeing 777-300ER.
