Singapore-based lessor Avation has exercised options for eight ATR 72-600s, scheduled for delivery between 2020 and 2022.
“This order for eight additional aircraft extends Avation’s order book and firm delivery horizon and continues the business growth in regional turboprops out to 2022,” says Avation executive chairman Jeff Chatfield.
“In addition to this order, the company has maintained its purchase rights and price protection over a further 25 aircraft extending to December 2025.”
Flight Fleets Analyzer shows that prior the option conversion the lessor’s firm orderbook for the type stood at three aircraft, with 18 aircraft on option. In addition, it had 10 letters of intent to option, and five letters of intent to order.
Avation manages 16 in-service ATRs with seven airlines.
Chatfield adds that the lessor may convert some of its ATR orders to the cargo variant.
“Avation is satisfactorily positioned as one of a few lessors with a modest number of forward positions to offer to our airline customers,” adds Chatfield.