Nordic Aviation Capital (NAC) and ATR announced (03-Oct-2013) the signature to increase the order placed at the 2013 Paris Airshow by an order for additionally 15 firm ATRs and options for 25 aircraft. The value of the increase alone is USD1 billion. The cumulative orders placed in recent months by NAC reach 130 ATR aircraft, with 50 firm ATR -600 series aircraft and options for 80. In recent years, NAC has built up the largest portfolio of ATRs in the world. It currently manages a fleet of some 90 ATRs in operation, and within the next four years will expand its portfolio up to some 150 with the delivery of its remaining firm aircraft from ATR's backlog. Commenting on this announcement, NAC chairman Martin Møller declared: “We are pleased to have inked such an outstanding amount of ATRs this year, as this clearly underlines the business these aircraft are providing us all over the world. Their strong performance and reliability, coupled with their proven operational success in very different environments make them the right choice for us when thinking about expanding our regional aircraft activities. When a type of aircraft is operated by more than 180 airlines in more than 90 countries, you have the best proof of their popularity and convenience for regional networks”. ATR CEO Filippo Bagnato said: “In the last years, we have developed and consolidated a very fruitful partnership with NAC. The result of the strong work we have done together is that today the ATRs are entering into new markets, are being operated by an increasing number of airlines and are contributing to further deploy regional air connectivity in many countries. NAC is playing a key role in expanding the popularity of the newest ATR -600s all over the world”.[more - original PR]
Nordic Aviation Capital announces additional orders for 15 firm ATRs and 25 options
You may also be interested in the following articles...
Global Fleet Outlook: Deliveries peak, as order highs decline.
Airlines are set to add more new aircraft than ever before in 2017. After years of record ordering and building backlogs, aircraft manufacturers are making good on their promises to ramp up production. The industry is enjoying record levels of growth and profitability; with solid passenger market fundamentals, and both airlines and leasing companies having access to ready liquidity, cheap debt and plentiful equity capital, making financing fleet orders easier than at any time before the global financial crisis.
State of the Market; Global aircraft leasing continues its international shift from west to east
Aviation leasing continues to see a favourable outlook, growing rapidly in both size and importance. The sector is enjoying a combination of easily available funding at low interest rates and strong lease yields, while it’s airline customers benefit from record profits, lower fuel costs and strong air travel demand.