Industry Avation orders eight ATR 72-600 turboprops

Deliveries are scheduled between 2020 and 2022. The order originates from converted purchase rights by Avation. Additionally, the leasing firm has secured purchase rights for 25 aircraft. Avation also holds price protection for the aircraft until December 2025.

Avation furthermore stated, that it would be willing to convert some of its ordered ATR 72-600 to freighter versions. The company sees strong demand in the sector over the coming years.

Jeff Chatfield, Executive Chairman of Avation commented: “We believe that the market for the ATR 72-600 will continue to be strong as the aircraft is the most fuel-efficient aircraft in its class and dominates sales in its market segment. Avation is satisfactorily positioned as one of a few Lessors with a modest number of forward positions to offer to our airline customers.”

Stefano Bortoli, CEO of ATR, added: “Avation is a very forward looking leasing company and their decision to firm up further options for more ATR 72-600s is a clear confirmation of where regional aviation is going. We are honoured by the confidence of Avation and look forward to further reinforce our partnership in the years to come.”

The new aircraft are predestined for the regional aviation market, where ATR´s 72-600 series will support local economies and environments with a fuel burn advantage of 80% compared to other regional jets. Moreover, a 10% increase in regional flights could generate a 5% rise in tourism.

Avation Plc was incorporated in England and Wales in 2006 and has been growing since then. The company´s aircraft portfolio includes one Boeing 777-300ER, one Airbus A330-200, seven A321s, three A320s, two A220-300s, five Fokker 100s, 16 ATR 72-600s and six ATR 72-500s.

At the current time, Avation has 11 ATR 72-600s on order, as well as four A220-300s. The company has its headquarters at Singapore and leases its aircraft to customers around the world.