Nordic Aviation Capital Signs Contract for 12 ATRs

Travel News Asia Latest Travel News Podcasts Videos Friday, 30 September 2011

ATR and Danish regional aircraft leasing company Nordic Aviation Capital have signed a contract for the purchase of 10 ATR 72-600s and 2 ATR 72-500s, plus options for 10 additional ATR 72-600s.

The total amount of the deal, including options, is valued at US$ 500 million.

The 10 firm ATR 72-600s and the options had been previously inked, as Heads of Agreement, by both companies at the Paris Air Show last June, and have now been confirmed by the final contract signature.

With the additional 2 ATR 72-500s, NAC will bring to 103 the total fleet of ATRs in its portfolio. Deliveries of these two ATR 72-500s are scheduled before the end of the year. NAC will start receiving its ATR 72-600s next year.

Privately-owned NAC is one of the worlds largest turboprop leasing companies. It currently has a portfolio of some 170 aircraft, including their 12 ATR on order (10 ATR 72-600s and 2 ATR 72-500s).

NAC introduced ATR aircraft into its fleet in 2003, with the purchase of an ATR 42.

Martin Mller, Chairman of NAC, said, We have decided to introduce new ATR -600s and -500s into our portfolio because of their high popularity among regional carriers worldwide. ATR has a portfolio of more than 170 operators around the world, and we consider that these twelve new aircraft will bring us strong additional business opportunities. We have been leasing ATR aircraft for years, and we are fully satisfied with the commercial results they have been providing us all this time.

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 kgs
Maximum load: 7,500 kgs
Maximum range with full passenger load: 899 nautical miles (1,665 kms)

ATR 72-500

Passenger capacity: 68 to 74 seats
Engines: Pratt & Whitney 127M
Maximum takeoff power: 2,750 HP per engine
Maximum takeoff weight: 22,800 kgs
Maximum load: 7,000 kgs
Maximum IFR range with full passenger load: 824 nautical miles (1,526 kms)

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