This morning ATR reported success with an order for 40 ATR72-600s to Iran Air.
ATR reported their 2015 numbers and they are impressive. The OEM set a new record of deliveries at 88 aircraft. It received 76 firm orders and 81 options and it passed the threshold of 200 operators.
ATR achieved a record turnover in 2015, increasing to $2bn (2014 was $1.8bn). During 2015 it increased deliveries by 72% over the 51 deliveries in 2010. The chart shows the company’s performance since 2010. Note the larger airplane is now the far preferred model. Continue reading
Late in the evening yesterday an intriguing note arrived.
“Air Lease Corporation (ALC) announced the sale of 25 ATR aircraft in its fleet to Nordic Aviation Capital A/S (“NAC”). These ATR aircraft have served ALC well in meeting the demand from airline customers operating shorter sector lengths. As the business has matured, ALC has focused more on its mainline jet aircraft operations with these turboprop aircraft now accounting for less than 5% of the current fleet. NAC is a global leader specializing in meeting the needs of ATR turboprop operators and this transaction adds further scale to their business. ALC anticipates that a majority of aircraft transfers will occur during the first half of 2016.
“This is a great result for ALC shareholders. Our ATR fleet is a profitable platform which assisted ALC with its early development. The sale of this portfolio allows us to deploy more capital to… Continue reading
The commercial turboprop market remains essentially a two-horse race between ATR and Bombardier. The story is interesting. The chart below shows the order history for both models since 2000. ATR had a bumpy start but has done exceptionally well since 2004, albeit with much more volatile swings in its order book. Continue reading
The following table summarizes firm orders announced at the Paris Air Show for the major aircraft manufacturers.
Airbus orders included: Continue reading