Avation PLC signs for 7 additional ATR 72-600s

ATR and Singapore-based lessor Avation PLC announced the signature of a new contract for the purchase of 7 additional ATR 72-600s, valued at over US$160m. These aircraft bring to 20 the total firm orders for ATRs inked by Avation PLC since early 2011. In addition, Avation has a number of further options and purchase rights. The first 7 ordered aircraft have already been delivered to Avation and are operated in the Virgin Australia network by SkyWest Airlines.