ATR Asset Management keeps 10-15 aircraft portfolio target

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ATR Asset Management had a relatively quiet year in 2011 in terms of sales activity compared to the previous three years.

It transferred titles on a total of 19 ATR aircraft, which were signed in 2010, and signed a contract for one aircraft, which will be transferred next month.

The manufacturer's asset management arm posted 29 sales from its portfolio in 2010 and 2009 while in 2008 it reported 13 sales.

Speaking during a media briefing in Paris, ATR senior vice-president, commercial, Jacques Desbarats said: "Our asset management activity is cyclical. At the peak of our activity, we had as much as 40 aircraft coming back and another 40 coming out of our portfolio."

Trading activity was high because ATR had more aircraft available but he also points out that the company's strategy has been to reduce the portfolio's size.

ATR Asset Management's portfolio has now reached a 'plateau' with approximately 15 aircraft under ownership, or 1.5% of the total number of ATRs delivered.

"Our goal is to have a 10-15 aircraft portfolio. That portfolio's size gives us flexibility to enter interim leases or trade aircraft if needed," said Desbarats.

The portfolio currently consists of 10 aircraft on operating leases, among them six to Brazil's Azul Linhas Aereas and two to Spanish carrier Islas Airways. ATR Asset Management will transfer titles of two remaining aircraft in February to the new customers. Other aircraft are under finance leases.

The Azul's ATR 72-200 aircraft fleet is gradually being returned during the course of 2012 as the Brazilian carrier starts replacing its interim fleet with new -600 models.