SINGAPORE 2016: Avation orders 5 ATR 72-600s

Singapore-based leasing company Avation has ordered five ATR 72-600s and taken options on a further 10, with the firm orders taking the company’s total orderbook with ATR to 35 aircraft.

So far Avation has taken delivery of 20 aircraft and those from the new order are scheduled to be delivered from 2017 and through to 2018. The company is second largest lessor of ATR in the world.

Avation executive chairman, Jeff Chatfield, described the ATR 72 as “a great investment both for its residual value and also for the lease rates it generates”. Although many of its ATRs are placed in the Asia-Pacific (Virgin Australia Regional Airlines has 13), the company has recently expanded into Europe with aircraft being operated by Flybe for SAS.

Chatfield is bullish about placing the new aircraft, especially with regional transport accounting for around 6% of traffic globally. “Ultimately, the business boils down to the passenger numbers. 6% of a very big number is still a big number,” he emphasised.

ATR’s CEO Patrick de Castelbajac recently declared that the OEM has been concentrating on sales to airline operators, and admitted that although being delighted with the deal, the aim remains to have a balanced split in customers (70% airlines, 30% lessors) rather than an almost 50:50 split in those customers.

Bernie Baldwin, editor, Low-Fare & Regional Airlines/

You may be interested in...

« Back to News