European aircraft manufacturer ATR, Garuda Indonesia and leasing firm Nordic Aviation Capital (NAC) have a struck a deal for 25 new ATR-72-600 aircraft for Garuda and a further ten options. The order, including the options, is valued at over 840 million USD. The deal was announced on Tuesday. Garuda is in a hurry, as the arrival of these new ATR-72-600s will start next month.
Garuda will lease the aircraft from NAC. The new ATRs will be configured with 70 seats, and will feature the “Armonia” cabin, giving the ATR ‘-600s’ the highest standards of comfort in a regional aircraft. The aircraft will be used for the development of both tourism and business throughout the Indonesian archipelago as well as to feed Garuda Indonesia’s main hubs.
The deal further establishes ATR’s success in Southeast Asia, where since 2005 it has won a large majority of contracts for regional aircraft below 90 seats, with orders for some 170 aircraft region-wide. ATR’s success in the region is particularly strong in the Indonesian market, for which it has received orders for over 85 firm aircraft since 2008, and where some one hundred ATRs will be in operation within the next two years.
This new deal for 35 ATR-72-600s also underlines NAC’s role as a key player in the regional aircraft leasing business. The Danish lessor is substantially building up its portfolio with modern ATR turboprops and recently placed a record order for 90 ATR -600s, at this year’s Paris Airshow. NAC is playing a major contribution in both developing and expanding regional aviation operations all over the world. In the near future, with the arrival of these new aircraft, NAC will manage a fleet of some 150 ATRs.