Aircraft lessor Avation PLC has struck a deal with ATR for 10 planes.

The firm order covers is for  72-600 aircraft with deliveries scheduled between 2025 and 2028.  The agreement is further complemented by 24 purchase rights, extending until 2034.

ATR and Avation have a working relationship that goes back to 2011. Since then, the Singapore-based lessor took delivery of 36 new ATR 72s, with two more scheduled for delivery in the coming months, as part of a previous order. Avation currently owns a fleet of 20 ATRs.

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Jeff Chatfield, Executive Chairman of Avation PLC, said: “We believe that establishing a ten-year programme for the supply of new regional aircraft with sensible economics is a key component of our long-term business strategy. ATR 72s with their low operating costs and class-leading low carbon credentials are an essential addition to almost all major airlines’ regional networks.”

Nathalie Tarnaud Laude, Chief Executive Officer of ATR, commented: “The continued trust from a longstanding customer is the best recognition of our efforts to remain relevant over the years, through continuous innovation. This agreement not only reinforces our collaboration with Avation, it also reflects the strong market demand for ATR aircraft. We are proud to contribute to the success and growth of Avation’s portfolio, while fulfilling our vision of accelerating sustainable connections by ensuring communities worldwide get a quick, responsible and reliable access to essential services.”