ATR announced the signature of a firm order for 10 ATR 72-600s with Avation PLC. Deliveries are scheduled between 2025 and 2028, showcasing Avation's long-term vision and confidence in the relevance of ATR's products to serve the regional aviation market. The agreement is further complemented by 24 purchase rights, extending until 2034.
This order represents another significant development in the longstanding partnership with Avation, which commenced in 2011. Since then, the Singapore-based lessor has received delivery of 36 new ATR 72s, with two more set for delivery in the forthcoming months, as part of a previous arrangement. Avation presently possesses a fleet of 20 ATRs.
With a CO2 emission rate 45% lower per trip compared to similar-sized regional jets, ATR aircraft are already 50% compatible with Sustainable Aviation Fuel (SAF), with the objective of achieving full SAF compatibility by 2025, in line with the manufacturer's commitment to environmentally friendly aviation. These additional aircraft will also contribute to improving regional connectivity to remote and underserved areas globally, fostering economic growth by facilitating the connection of communities and attracting businesses, tourism, and investment.
Jeff Chatfield, Executive Chairman of Avation PLC, comments: “Over the years, we have witnessed the exceptional performance of ATR aircraft, and enjoyed both strong airline demand and secondary market value retention. Avation believes that over the next ten years, low CO2, SAF-compatible, latest-technology aircraft such as the ATR 72, and potentially its EVO successor, will be an essential component for efficient travel worldwide. We also believe that establishing a ten-year programme for the supply of new regional aircraft with sensible economics is a key component of our long-term business strategy. ATR 72s with their low operating costs and class-leading low-carbon credentials are an essential addition to almost all major airlines' regional networks.”
