Avation Bolsters Regional Portfolio with Order for Five Additional ATR 72-600s
Singapore-based aircraft leasing company Avation has exercised its purchase rights for five new ATR 72-600 aircraft. This strategic move not only strengthens the 15-year relationship between the two companies but also ensures fleet availability to meet the growing demand for regional connectivity projected by the end of the decade.
Strategic Expansion of Avation’s Fleet
The recent announcement corresponds to units 50 through 54 ordered by the lessor since the beginning of its collaboration with the manufacturer. Under the terms of the long-term framework agreement signed in 2011, the delivery schedule for these aircraft is slated for between 2028 and 2029.
Currently, Avation’s turboprop portfolio includes 27 ATR aircraft operated by various airlines globally. The relevance of this model in the leasing market was recently demonstrated by the placement of aircraft with three new operators within the last six months.
Operational Efficiency and Economic Sustainability
Jeff Chatfield, Executive Chairman of Avation, highlighted that the ATR 72-600 is widely recognized as the most fuel-efficient regional aircraft on the market. Key competitive advantages include:
- Lower Operating Costs: It offers the lowest cost per seat-mile in regional aviation.
- Transition Platform: It is the ideal tool for route development and the replacement of older, less efficient equipment.
- Growth in Key Markets: The order guarantees capacity for customers in high-growth regions.
Role of Lessors in the ATR Ecosystem
For Nathalie Tarnaud Laude, CEO of ATR, Avation’s confidence underscores the fundamental role that leasing companies play in expanding their user community.
“Many airlines experience the performance and economics of our aircraft for the first time through leasing, which in countless cases leads them to subsequently invest in their own fleet of new ATRs.”
Regional Market Outlook Toward 2045
Avation’s purchase decision aligns with industry forecasts and independent analysts, who anticipate a demand for more than 2,000 new turboprops over the next 20 years. This need arises both from the renewal of aging fleets and the expansion of connectivity in emerging markets that require responsible and reliable transport solutions.
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