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...

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.


A pre-production ATR 42-600 operated in the certification flight-test program for the turboprop regional airliner type takes off from Lugano Agno Airport in southern Switzerland

A pre-production ATR 42-600 operated in the certification flight-test program for the turboprop regional airliner type takes off from Lugano Agno Airport in southern Switzerland

 

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.

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