Danish leasing company Nordic Aviation Capital has signed an agreement to order up to 90 ATR 600-series regional airliners.
The deal, announced at the Paris Air Show 2013 on June 18, includes firm orders for 30 ATR 72-600 turboprops and five ATR 42-600s and options on another 55 aircraft.
ATR values the contract, including options, at more than $ 2.1 billion.
Nordic Aviation Capital (NAC), which has signed several orders for new ATR turboprops over the past three years, already owns the largest fleet of ATR regional airliners in the world, with over 100 ATR aircraft in its leasing and financing portfolio.
With the progressive arrival of the 30 additional ATR 72-600s and five ATR 42-600 turboprops into its fleet, NAC’s ATR portfolio will exceed 150 aircraft by 2016, according to the manufacturer.
“We have made ATR turboprops one of the main pillars of our present and future development,” says Martin Møller, chairman of NAC. “We believe that regional aviation in the years to come will increasingly rely on this outstanding technology, and that ATR aircraft will continue to see great success with airlines operating in this segment.”
Adds Møller: “The 180 airlines operating ATRs around the world represent so many opportunities for us to grow our business. Our experience as lessors confirms the strong demand for ATRs with regional airlines. Their very low operating costs and high reliability are the major drivers for ensuring profitability, both for airlines and for ourselves.”
In the past three years, nearly one in every four ATR turboprops ordered were sold to leasing companies, according to the manufacturer.