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FARNBOROUGH 2010: Air Lease Corporation orders 10 ATR 72-600s

Air Lease Corporation and ATR have announced a deal for the lessor to take its first turboprops with and order for 10 ATR 72-600s plus 10 options.

“The ATR has the lowest costs for our airline for our airline customers,” commented Steven Udvar-Házy, the founder of Air Lease Corporation (ALC). “In an energy-conscious world, this will enhance our customer relationships. So we’re proud to be joining the ATR family from the end of 2011 and onwards.”

Udvar-Házy explained that he expects placement of the aircraft to be mainly outside the US. “There are a lot of airlines which operate at airports which can be tough to get into,” he added.

Asked whether the purchase had been completed with airlines lined up to take the aircraft or whether it was on the strength of the aircraft and the knowledge that ALC was confident of placing the aircraft, Udvar-Házy responded, “It’s a bit of both. We’ve been talking to about 16 airlines over the last four months. But it’s a proven family, so it’s a natural step for us.

As for further orders, Udvar-Házy stated, “We hope [all the aircraft] will [get] a successful placement and as we place them we’ll consider how we want to develop the portfolio.”

For ATR, CEO Filippo Bagnato was delighted with the order. “We have no tradition of orders for new aircraft from lessors, they have mainly been for secondhand aircraft. But this is a great one to begin a tradition with,” he emphasised.

Bernie Baldwin, editor, Low-Fare & Regional Airlines/LARAnews.net
Farnborough, UK

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