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, the best-selling aircraft in the below 90-seat market segment. The unifying vision of the company is to accelerate sustainable connections for people, communities and businesses, no matter how remote. Flown by some 200 airlines in over 100 countries, ATR aircraft opened 160 new routes in 2023, facilitating the development of territories and enabling access to crucial services like healthcare and education. Thanks to ATR’s focus on continuous innovation and the intrinsic efficiency of the turboprop technology, ATR aircraft are the most advanced, versatile, cost-effective and lowest-emission regional aircraft on the market, emitting 45% less CO2 than similar-size regional jets. In January 2022, we flew the first ever commercial aircraft using 100% SAF in both engines. ATR is a joint-venture between Airbus and Leonardo.