Singapore-based lessor Avation has exercised purchase rights for five ATR 72-600 aircraft under their long-term framework agreement signed in 2011, with deliveries scheduled for 2028 and 2029.
The latest order brings Avation’s total commitments with ATR to 54 aircraft, reflecting a partnership that has developed steadily over the past 15 years. During this time, Avation has built a substantial turboprop portfolio, with 27 ATR aircraft currently placed with operators worldwide. In the past six months alone, the lessor has secured placements with three new operators, underlining continued demand for the type.
The ATR 72-600 is widely regarded as the most fuel-efficient regional aircraft, offering the lowest seat-mile costs in its segment and significantly reduced operating costs compared with similar aircraft. Its performance makes it particularly well suited to regional route development, as well as the replacement of older, less efficient fleets.
By converting these purchase rights into firm orders, Avation is strengthening its forward fleet pipeline for the late 2020s and beyond, increasing availability for airline customers in high-growth regional markets. The decision aligns with broader industry expectations, with forecasts and independent analysts pointing to demand for more than 2,000 new turboprop aircraft over the next two decades to support both replacement cycles and market expansion globally.
