ATR anticipates increase in ECA support

Toulouse
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ATR chief executive Fillipo Bagnato says he expects the availability of export credit agency (ECA) support to increase this year.

In 2012, ECAs supported about 40% of new ATR deliveries, with the Franco-Italian manufacturer delivering a total of 64 aircraft to customers.

The manufacturer says about 27% of new deliveries last year received support from Compagnie Française d'Assurance pour le Commerce Extérieur (Coface) and Sace, while another 12% were financed with the Export Development Canada guarantee.

In 2011, the ECAs supported 54% of ATR deliveries in 2011 compared with 35% in the previous year.

This year ATR forecasts 80 deliveries and Bagnato is confident that the ECAs will guarantee a larger proportion.

"We are clearly confident that the ECAs will increase their presence in 2013," he says at the ATR media briefing in Toulouse.

Bagnato acknowledges that the cost of financing is increasing with the full implementation of the new Aircraft Sector Understanding (ASU) this year. saying: "Pricing is going up but the new ASU will also cover up to 100% financing."

He also expects operating lessors to acquire more aircraft on a purchase and leaseback basis in 2013.

Last year ATR received 74 firm orders and 41 options. The backlog at 31 December 2012 totalled 221 aircraft.