Air Lease Orders 10 ATR 72-600s

US-based aircraft lessor Air Lease Corporation has ordered 10 new ATR 72-600 regional turboprop aircraft, and placed options for a further 10. The aircraft are planned for delivery starting in the fourth quarter of 2011.

Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of Air Lease Corporation, said, “We are delighted to order these ATR 72-600s, which will complement our portfolio of narrow and wide-body aircraft. Air Lease has identified a number of opportunities for these aircraft among our existing and future customers. The ATR 72s will enable us to strengthen our regional offering with an aircraft that is a proven success, featuring unrivalled operating costs and good performance on short routes. The ATR has distinguished itself with a wide base of operators and strong residual values which make it a good investment for a lessor.”

ATR’s ‘600-series’ is due to be introduced in 2011.

Established in Delaware in February 2010, Air Lease Corporation is managed by an experienced team of aircraft leasing executives: Steven F. Udvar-Hazy, John Plueger, Grant Levy and Mark Baer.

The company is based in Century City, California, and has already secured paid in share capital of US$ 1.3 Billion and another approximately US$ 2 Billion in long term financing facilities.

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