Posted on: 23 September 2010 by Ross McSweeny
ATR CEO, Filippo Bagnato, has announced that the company has another 15 firm orders to be announced in the coming weeks, once the customer airlines involved are ready to reveal the deals.
“We’ll release the news according to the communications policies of our customers,” he confirmed. He did, however, reveal that among the recipients are carriers located in South America and east Asia. Also the orders include some ATR 42-500s which are to be delivered early next year.
Looking ahead, Bagnato noted that while Asia appears to be leading the recovery from the economic downturn, with Europe less positive, there are still major opportunities in the latter market. “There are more than 6,000 flights a day in Europe using aircraft having between 30 and 90 seats. Of these, 19% are performed by jets on sectors shorter than 300 nm. So with fuel and emissions now with increased importance, airlines can benefit from switching to turboprops on these routes, especially with aviation’s entry into the European Union’s Emissions Trading Scheme (ETS) in 2012,” he highlighted.
“The European [fleet] ‘pie’ is not fresh, with 31% of turboprop fleet (420 aircraft) older than 15 years,” Bagnato continued. “There are also old RJs such as Fokkers and BAe/Avros, so the replacement market is still good.”
Bernie Baldwin, editor, Low-Fare & Regional Airlines/LARAnews.net