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ATR Sees Strong Demand for Turbo-Prop, New Lessor Buys 20 Aircraft

Our Bureau - : Jul 20, 2022 - : 7:04 am

Abelo, a newly formed leasing company, has ordered  10 brand new ATR 72-600 and confirmed an equal number of the Short Take-off and Landing, or STOL, variant of ATR 42-600S.

First deliveries of the ATR 72-600 will start in 2023, while the first STOL version will be delivered at the end of 2024.

Steve Gorman, Chief Executive Officer of Abelo, said: “We firmly believe that turboprops are the technology of today and tomorrow and this is why we are investing in the ATR platform. This new deal is further proof of our commitment to create growth and value for regional operators, providing them with the most modern, profitable and sustainable aircraft on the market. As we are looking to expand and become the go-to lessor of turboprops, our strong links with ATR will prove invaluable.”

Abelo already has a turbo-prop portfolio of 65 assets and plans to invest further in regional turbo-prop sector.

Stefano Bortoli, ATR Chief Executive Officer, commented: “Abelo is a perfect partner for ATR and a force to be reckoned with in the regional aviation market. With today’s order for 20 aircraft, they demonstrate their long-term confidence in our product family and shine a light on the many opportunities that exist for operators across the globe. The financial community and leasing companies in particular have been unswerving supporters of ATR throughout the years, and will keep playing a key role.”

Meanwhile, ATR’s new market forecast, unveiled today, shows a strong demand across the world for turboprops over the next 20 years.

“This appeal for the most responsible and affordable regional aircraft is already confirmed through this new deal, as well as through the fact that the manufacturer has recently managed to place its entire portfolio of second-hand aircraft,” Bortoli said.

According to ATR’s  first global market forecast since 2018, there will be a demand for at least 2,450 turboprop aircraft over the next 20 years meeting the increasing demand for regional connections and lower emission air transport.

The report, which covers the 2022 to 2041 period, predicts a strong return to business after a challenging two years for the aviation industry.

Fabrice Vautier, SVP Commercial at ATR said: “The forecast demonstrates that essential connectivity is needed both for emerging and mature markets now and in the future. The biggest driver of demand is airlines modernising their fleets to meet the highest environmental standards while making air transport accessible to all. Replacements will account for seven out of ten new aircraft, the remainder will be deployed to enhance regional mobility and connectivity through new routes.”

Today turboprops make up around 40 per cent of the regional passenger fleet. The forecast predicts that the global fleet of turboprop passenger aircraft with at least 30 seats will rise from 1950 in 2022 to 2660 in 2041 – an increase of around 36 per cent. The biggest rise being in Asia Pacific, China and Latin America.

The report also identifies the growing role of air cargo. Freighters have come to play an essential role in supporting regional communities, partly due to the acceleration of the digital economy and ecommerce.

The forecast highlights that with turboprops making up to 94 per cent of the regional freighter fleet, this presents an important area of opportunity for the industry. The global fleet of turboprop freighters is predicted to rise from 380 in 2021 to 550 in 2041 – an increase of 45 per cent.

South East Asia, China and Latin America have been identified as areas of increased regional demand, as customer expectations for faster delivery expands beyond key primary gateways in each region.

An additional factor driving future demand in turboprops: their ability to address the changing regulatory environment created by climate challenge. Increasing fuel prices, growing carbon taxation, as well as greater passenger demand for lower emission travel all mean that the aviation industry is naturally favouring low-carbon emitting aircraft such as turboprops. Even today, if all regional jets in Europe were replaced by turboprops, the reduction of CO2 emissions would be equivalent to the amount of CO2 removed by a forest of around 5000 km2, more or less the size of the Balearic Islands! The report concludes that new disruptive technologies, likely to be adopted from 2030 onwards, will further bring turboprops to the forefront of the aviation industry, helping play a vital role in connecting people and businesses and driving economic growth around the globe.


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