Singapore-based aircraft lessor Avation PLC has signed a firm order with ATR, one of the world’s leading regional turboprop manufacturer, for 10 ATR 72-600 aircraft. The deal also includes options for an additional 24 aircraft.
The turboprops are scheduled for delivery between 2025 and 2028, highlighting Avation’s long-term strategy and confidence in ATR’s aircraft to serve regional aviation markets globally. This order further strengthens the partnership between the two companies, which began in 2011 when Avation first purchased ATR 72 turboprops.
“Over the years, we have witnessed the exceptional performance of ATR aircraft, and enjoyed both strong airline demand and secondary market value retention,” said Jeff Chatfield, Executive Chairman of Avation. He added that low-emission aircraft like the ATR 72 would be “essential” for efficient air travel worldwide over the next decade.
The ATR 72-600 is a 68-72 seat regional turboprop touted for its low operating costs and reduced environmental impact. ATR claims its aircraft emit 45% less CO2 per trip compared to similar-sized regional jets. The manufacturer aims to make the ATR models 100% compatible with sustainable aviation fuel by 2025.
“This agreement reflects the strong market demand for ATR aircraft,” commented Nathalie Tarnaud Laude, ATR’s CEO. “We are proud to contribute to the success and growth of Avation’s portfolio, while fulfilling our vision of accelerating sustainable connections.”
Avation currently owns a fleet of 20 ATR turboprops leased to 16 airlines across 14 countries. With this new order, the Singapore-based lessor is positioning itself as a key player in providing modern, fuel-efficient aircraft for regional aviation.
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