Avation PLC Orders 5 ATR 72-600s

Singapore-based commercial aircraft lessor Avation PLC has signed a deal with ATR for the purchase of five new ATR 72-600 aircraft.

At list prices the acquisition is valued at about US$130 million and brings to 35 the total number of firm ATR 72s ordered by Avation PLC since their first ATR purchase in 2011.

As of today, Avation has already taken delivery of over 20 ATR 72s, mostly ATR 72-600s, which currently fly in the liveries of Virgin Australia, Flybe (for Scandinavian Airlines), UNI Air (Taiwan), Air India and Fiji Airways.

Deliveries of the remaining ATR 72-600s on order extend out to 2018.

Avation is the second largest lessor by number of new ATRs ordered.

Jeff Chatfield, Avation’s Executive Chairman, said, “We believe the ATR 72 is the most efficient aircraft type for regional routes. It provides the lowest fuel burn and the most reduced operating costs among all regional aircraft of its category. ATRs are superb assets for lessors, they offer great returns and also allow portfolio diversification. Avation raises equity and debt with the London and New York markets and we are proud to promote the ATR in these essential forums.”

 ATR 72-600

Passenger capacity: 68-78 seats
Engines: Pratt & Whitney 127M
Maximum power at take-off: 2,750 horsepower per engine
Maximum weight at take-off: 23,000 kg
Maximum load: 7,500 kg
Maximum range with full passenger load: 900 nautical miles (1,665 km).

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