First aircraft placed out of 10 from Avation PLC’s recent order, demonstrating dynamism of regional market and attractiveness of ATR aircraft

Farnborough, 25 July 2024 – World’s number one regional aircraft manufacturer ATR proudly announces the signature of a Letter of Intent between Japanese startup airline JCAS Airways and Singapore-based lessor Avation PLC for the lease of an ATR 72-600. This milestone marks the commitment of JCAS Airways to launch operations with ATR’s new generation turboprop. Delivery is scheduled for end 2025. The initial routes will connect Kansai to Toyama and Yonago.

The agreement comes on the heels of a recent order placed by Avation for 10 ATR 72-600 last May. The placement of this first aircraft, well ahead of its delivery, is a clear positive sign from the market, showcasing its dynamism and the liquidity of the ATR as an asset.

Release ATR
Photo Rob Vogelaar