EuroLOT mandates Aelis for ATR 42/72 sales

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Aelis Group has won the mandate to exclusively sell a total of 11 ATR 42/72s owned by EuroLOT. The company has been appointed to conduct all the marketing activities on behalf of EuroLOT from the compilation of sales document up to the conclusion of actual sales, delivery and payment of the aircraft.

The Polish regional carrier has a fleet of 13 ATRs comprising nine ATR 72-200s and four ATR 42-500s.

Aelis will remarket the entire ATR 72 fleet, which was delivered new to EuroLOT between 1991 and 1994, and two ATR 42s, manufactured in 1994 and 1998.

The mandate represents the first deal for Aelis Polska, which created by Aelis Group in September 2011 and headed by Leszek Sieluk.

Philippe Lienard, chief executive of Aelis Group commented: "In the current economic environment, acquiring second hand ATR aircraft makes a lot of sense. These aircraft represent an ideal opportunity for operators to reduce unit seat cost, and to keep the flight cost under control. Most of the aircraft are sisters, and they all have excellent maintenance records."

In February EuroLOT opted to renew its ATR turboprop fleet with the Q400 NextGen model in a 78-seat configuration. It also placed six options for the type. To date it has received three aircraft, which have been sold and leased back with leasing company Nordic Aviation Capital.