Nordic Aviation Capital orders 10 ATR 72-600s plus 10 options

The deal consolidates NAC as the largest lessor of ATRs, with a fleet of more than 100 aircraft

Privately-owned NAC is the world’s largest turboprop leasing company. It currently has a portfolio of 160 aircraft, including 91 ATRs. The deal inked today will bring NAC’s ATR portfolio up to more than 100 aircraft, consolidating its world leading position as main lessor of ATRs. NAC introduced ATR aircraft into its fleet in 2003, with the purchase of an ATR 42.
Martin Møller, Chairman of NAC, declares: “This is a strategic purchase for us, as these new aircraft bring us the opportunity to continue developing our business and expanding our portfolio of aircraft. We continuously receive increasing demand for fuel-efficient aircraft with optimal economics. This new acquisition will also allow us to extend our portfolio of operators. Today it includes American Airlines, Lufthansa, US Airways, Flybe, SAS, TACA, Air Berlin, TRIP, and Air France affiliates. We are pleased to further consolidate the successful partnership we have established with ATR in the last eight years”.
Commenting on the deal, Filippo Bagnato, Chief Executive Officer of ATR, declared: “Interest of leasing companies in the ATR product is substantially increasing in the last three years. In this period, the number of ATRs in operation belonging to lessors has doubled. Leasing companies can propose our aircraft to a long list of more than 170 ATR operators, while benefiting also from our extended support offer. Lessors’ increasing interest in the ATRs underlines the high reliability as well as the very strong residual values of our aircraft on the market.”
About the ATR 72-600:
Passenger capacity: 68-74 seats Engines: Pratt & Whitney 127M Maximum power at take-off: 2,750 horse power per engine Maximum weight at take-off: 23,000 Kg Maximum load: 7,500 Kg Maximum range with full passenger load: 899 nautical miles (1,665 Km)
Regional turboprop manufacturer ATR and Danish regional aircraft leasing specialist Nordic Aviation Capital (NAC) today signed a contract for the purchase of 10 ATR 72-600s, plus options for 10 additional aircraft. The deal, including options, is valued at some 450 US$ million. This is the first NAC’s order for new ATR -600 aircraft.

ATR press release