Regional airliner trading and leasing company Nordic Aviation Capital (NAC), which owns the world’s biggest fleet of ATR turboprops, has signed a firm order for 25 ATR 42-600 aircraft and has optioned 50 more.
Announcing the Nordic Aviation Capital order for ATR 42-600 turboprops on July 14 at the Farnborough International Airshow 2014, ATR said it valued the potentially 75-aircraft deal at more than $1.55 billion at list prices.
Deliveries of the 50-seat turboprop regional airliners to Nordic Aviation Capital and its client airlines will begin in 2015 and continue through to 2020, according to ATR.
“The ATR-600 series aircraft is firmly established as a long-term cornerstone of NAC’s portfolio of modern, fuel efficient regional aircraft,” says Martin Møller, chairman of Nordic Aviation Capital. “Now we are seeing a renaissance for the ATR 42 too with the state of the art 600 Series, as operators seek a replacement for their ageing sub-50-seat fleets.”
NAC’s substantial order for the 50-seater ATR 42-600 is in response to operator demand and recognizes that the replacement market for turboprops of 50 seats and under is very under-served, says ATR.
The manufacturer also says the July 14 order solidifies NAC’s position as ATR’s largest customer.
NAC’s latest order comes a year after NAC signed a $2.1 billion order for up to 90 ATR aircraft at the Paris Air Show 2013.
The leasing and tradimg company followed this deal with an an add on order, worth $820 million, for up to 35 ATR 600-series aircraft. It announced this order during the ERA General Assembly in October 2013.
NAC’s firm orders and options for new ATR turboprops now total well over 200 aircraft.