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.

With its exceptional fuel efficiency, versatility, and ability to operate in challenging environments, the ATR 72-600 is the perfect choice for expanding domestic and regional connectivity in the Japanese market. It is the go-to aircraft for Japanese operators looking to deliver a superior and low-emission travel experience to their passengers, as well as for lessors and investors aiming to build an attractive portfolio with a high residual value.

Seiji Shirane, Chief Executive Officer at JCAS Airways, stated: “Today’s achievement is a major milestone which takes us closer to the launch of our operations, with highly experienced partners by our side: leading lessor Avation and regional aircraft manufacturer ATR. Japanese communities rely massively on regional air links for everything from healthcare and trade to business and tourism, and JCAS Airways will contribute to revitalising our country, boosting its economy, making cultural experiences accessible, and maintaining a vital lifeline for the islanders of Japan.”

Jeff Chatfield, Executive Chairman of Avation PLC, commented: “We congratulate JCAS Airways on their decision to select the ATR 72-600 as their aircraft of choice to expand regional air travel throughout Japan, and Avation PLC as their leasing partner. By investing in latest generation, industry-leading low carbon footprint, SAF compatible aircraft, such as the ATR 72, we are all investing in a more sustainable future for aviation, contributing to reinforce much needed connectivity between regions and communities.”

“We are thrilled to witness Avation’s successful aircraft placement and welcome JCAS Airways in the ATR family”, said Alexis Vidal, ATR’s SVP Commercial. “This strategic partnership not only strengthens ATR’s presence in Japan, it also highlights the dynamic nature of our market and the undeniable appeal of the ATR 72-600. Its unmatched performance, fuel efficiency and passenger comfort make it the optimal choice for operators seeking to unlock the full potential of regional connectivity. We will support JCAS Airways in their journey to provide reliable and affordable air transportation to passengers across the country.”

Japan is a vast archipelago covering 378,000 sq km and nearly 7,000 forest and mountain-covered islands, 420 of which are inhabited. The regional connectivity provided by the 20 ATRs today flying with five operators is vital to many, not just for trade and commerce but also for access to essential services such as healthcare and education.

ATR is committed to working closely with Avation and JCAS throughout the aircraft delivery process and beyond, providing comprehensive support and expertise to ensure a successful launch of operations.

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