![ATR 72-600](https://www.ifn.news/wp-content/uploads/2019/01/ATR-66667-1-e1546596549256-678x381.jpg)
Avation and ATR announced on Thursday that the aircraft leasing company has exercised its options to acquire additional eight new ATR 72-600 aircraft. The turboprop airplanes are expected to be delivered between 2020 and 2022.
Furthermore, the Singapore-based lessor has maintained its purchase rights and price protection for a further 25 aircraft.
Jeff Chatfield, Executive Chairman of Avation, also confirmed that the company is eyeing a potential conversion of some orders and/or options to the ATR 72-600 freighter version.
Avation PLC owns 16 ATR 72-600 and a further six ATR 72-500 turboprops, which are leased to various airlines in Europe, Asia and Australia. The company now has eleven ATR 72-600 on order. In addition, Boeing 777-300ER, Airbus A330-300, A321, as well as A320 and A220 aircraft are also owned by Avation and leased to other operators.
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Nick Wenzel founded International Flight Network in 2016. He is the Social Media Manager and an Editor for IFN.news.