ATR reports 80 new aircraft sold in recovering 2010; turnover of USD1.35bn
ATR stated (20-Jan-2011) it booked orders for 80 new aircraft in 2010, plus options for 33. ATR also generated a turnover of USD1.35 billion – almost three times the turnover achieved in 2005. The company stated the results "illustrate the first signs of recovery of the aviation industry in 2010". ATRA added that it expects to reach annual delivery of around 70 aircraft and turnover reaching USD1.8 billion from 2012 onwards. 2010 highlights include:
- Orders: ATR booked orders for 80 new aircraft with 12 customers. Of the 12, five are new ATR clients who booked 45 aircraft (56% of annual orders). Sales, including options, are valued at around USD2.4 billion. Since the beginning of the programme, ATR has booked net orders for 1074 aircraft - 423 ATR 42s and 651 ATR 72s. A third of these have been booked since 2005;
- Deliveries: ATR delivered 51 new aircraft in 2010. As of 31-Dec-2010, ATR has delivered 915 aircraft - 412 ATR 42s and 503 ATR 72s;
- Turnover: ATR generated a turnover of USD1.35 billion, representing substantial growth compared with turnover achieved in 2005 of around USD0.5 billion. For the third consecutive year, despite the adverse financial and economical context, ATR has recorded a consolidated turnover of over USD1.3 billion;
- Backlog: ATR ended 2010 with a backlog of 159 aircraft, an increase from 136 aircraft at the end of 2009 and representing three years of production at the current delivery rate. As of 31-Dec-2010, ATR’s backlog was: four ATR 42-500s, five ATR 42- 600s, 43 ATR 72-500 and 107 ATR 72-600s. Asia-Pacific and Europe each represent 32% of the current backlog, followed by Latin America (18%), Africa-Middle East (12%) and North America (6%);
- Asset management: In 2010 ATR completed transactions for 29 cash sales, the same as in 2009;
- Customer services: ATR continued to expand its contract services with the signing of seven new Global Maintenance Agreements (GMA) covering 82 additional
aircraft. 306 ATR aircraft (30% of the total fleet in operation or on order) are covered by service contracts with ATR. Also in 2010, ATR launched ‘ATRactive’ a new online tool to facilitate the access and exchange of information within ATR and with airlines and suppliers;
- Portfolio: ATR has a portfolio of 165 operators in 92 countries. ATR has added 46 new operators to its portfolio since 2005;
- Workforce: ATR has a total workforce of 855 employees;
- Long-term outlook: ATR estimates there is an estimated demand for almost 3000 turboprop aircraft in the next 20 years, comprising 60% of growth and 40% of replacement needs.
- ATR's goal is to confirm our leading position in the turboprop market with over 50% of market share. In response to this increasing demand, ATR stated it is "ready to step up to a new level of growth from 2012 onwards";
- Product development: ATR commented that turboprop sales have "clearly dominated the regional market over recent years". In 2011, ATR will gain certification for both ATR -600 series models. Deliveries of the first ATR 72-600 will start by mid-2011, while deliveries of ATR 42-600s will start before year end. ATR -600 aircraft will be equipped with the new Armonia cabin. The new cabin features, among other innovations, wider and lighter seats, larger overhead bins, and optional dual class;
- Training facilities: In 2011 ATR will open new training facilities in Toronto, Paris, Johannesburg and Bangalore. [more]
ATR: “I am delighted that ATR has regained speed in 2010 by doubling previous year order intake. We registered significant orders from new customers in Latin America and the Caribbean region, as well as strong signs of confidence of lessors – Air Lease Corporation – thus increasing our worldwide presence. We have now a strong baseline in order to prepare ATR for next important step,” Filippo Bagnato, CEO. Source: Company Statement, 20-Jan-2011.
ATR: “There is strong commercial potential for ATR in regions such as Southeast Asia, India and Latin America, where ATR has been highly successful in recent years, and also in other emerging economies. Additionally, there is a strong replacement potential in mature markets,” Filippo Bagnato, CEO. Source: Company Statement, 20-Jan-2011.