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FARNBOROUGH 2014: Nordic Aviation Capital orders 25 ATR 42-600s

Nordic Aviation Capital (NAC) has signed a firm order for 25 ATR 42-600s and taken 50 options on the same model.

The order comes from the previously announced total of 144 firm orders for the year so far, but the customer had chosen until now to withhold its identity.

ATR CEO Patrick de Castelbajac reported that the company is very excited about the deal and highlighted its importance in the relationship with NAC. He also noted that there are approximately 500 aircraft in the sub-50 seat market which will soon need to be replaced.

NAC’s chairman Martin Møller commented, “In my view the ATR 42 is unfairly forgotten. Some think of the 50-seat TP as a thing of the past – we don’t. We see solid demand in the 30-50 seat category. We love this aircraft and believe it has a strong role to play.”

Asked about potential customers for the firm orders and when the likelihood of all the options being taken, Møller responded, “We have a good idea where about half of these aircraft will be going. And historically we’ve always taken all our options and we fully expect to do so with these.”

Deliveries will begin in 2015 and are scheduled to continue through to 2020.

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

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