GE Capital Aviation Services (GECAS) placed its first ever order with European turboprop manufacturer ATR today for 15 ATR 72-600s, plus 15 options. The deal is valued at approximately $680 million at list prices, including options.
"The ATR 72s have a wide operating base and fills out our fleet offering at GECAS," says Norman C.T. Liu, President and Chief Executive Officer of GECAS. "There is good demand in the emerging markets and a strong replacement need as well."