Wednesday, December 19, 2012
Avation PLC to Purchase Seven ATR 72-600s
Singapore-based aircraft leasing firm Avation PLC signed an agreement to purchase seven ATR 72-600s for $160 million.
The leasing firm said the purchase will help its customers expand regional air connectivity, allowing them to keep up with the expected continued growth in demand in the Asia Pacific market.
“The first Avation order allowed ATR to develop its presence in the important Australian market. The ATR 72-600 has become the new reference of regional aviation and is experiencing outstanding success in Asia and the South Pacific. The ATR 72-600s are the right solution for replacing jets and for market development on shorter regional routes for direct service between small and medium-sized destinations as well as to feed main hubs,” said Filippo Bagnato, chief executive officer at ATR. More