Singapore-based lessor Avation has boosted its portfolio of regional aircraft with an order for 10 ATR 72-600s.
This order is another milestone for the relationship between the lessor and OEM, which began in 2011. Deliveries are scheduled between 2025 and 2028. The agreement also includes 24 purchase rights, extending until 2034.
Avation has added 10 ATR 72-600s to its portfolio. Photo: ATR
Jeff Chatfield, Executive Chairman of Avation PLC, said: “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.”
Avation has taken delivery of 36 new ATR 72s, with two more scheduled for delivery in the coming months, as part of a previous order. The lessor currently owns a fleet of 20 ATRs.
Nathalie Tarnaud Laude, Chief Executive Officer of ATR, added: “The continued trust from a longstanding customer is the best recognition of our efforts to remain relevant over the years through continuous innovation. This agreement not only reinforces our collaboration with Avation, it also reflects the strong market demand for ATR aircraft.”
Avation owns and manages a fleet of widebody and narrowbody jets and turboprop aircraft leased to airlines worldwide. Its customers include 16 commercial airlines in 14 countries, and its fleet of aircraft is currently fully leased and utilised.
