Aircraft lessor GE Capital Aviation Services (GECAS) has placed an order for five ATR 72-600s together with options for five more turboprops during the Dubai Air Show.
Deliveries of the aircraft will begin in 2015. The European aircraft manufacturer values the deal at $241 million.
GECAS chief executive Norman Liu says: “We have seen significant market interest in the ATRs and that is why we have added more of them to our portfolio. These aircraft will support the strong growth in regional air transport we anticipate over the coming years.”