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.
Nick Wenzel founded International Flight Network in 2016. He is the Social Media Manager and an Editor for IFN.news.