Singapore-headquartered lessor Avation has exercised purchase rights for five ATR 72-600s, after ATR CEO Nathalie Tarnaud Laude hinted that “a couple” of lessor orders were nearing fruition. Avation signed a long-term framework agreement in 2011, which included purchase rights for 24 aircraft. On the other hand, ATR has been actively expanding its regional footprint with recent aircraft deliveries and orders.
Victoria Moores, the aviation journalist, reports that Avation’s decision aligns with market developments and the manufacturer’s growth strategy. The ATR 72-600 is a regional turboprop aircraft favored in short-haul markets, especially in Asia. The aircraft’s performance and efficiency make it an attractive option for leasing companies seeking to meet increasing regional demands.
The company has not disclosed specific delivery timelines, but the exercise of purchase rights demonstrates confidence in ATR’s product lineup. This move may also be seen as an effort by Avation to strengthen its portfolio amid a competitive leasing environment.
Overall, the agreement signifies ongoing strength in the regional aircraft leasing sector and highlights ATR’s position as a leading regional aircraft manufacturer. Market analysts expect further orders as regional connectivity continues to grow across Asia and other regions.
