The Singapore-based lessor plans first ATR 72-600 from recent order with Japanese startup.
An ATR aircraft (Photo: ATR)
World leader in regional aircraft manufacturing, ATR, on Thursday announced the signing of a Letter of Intent (LOI) between Japanese startup airline JCAS Airways and Singapore-based lessor Avation PLC for the lease of an ATR 72-600. This agreement marks a significant step for JCAS Airways as they prepare to launch operations with ATR’s new generation turboprop. Delivery of the aircraft is scheduled for late 2025, with initial routes connecting Kansai to Toyama and Yonago.
The deal comes shortly after Avation placed an order for 10 ATR 72-600s in May 2024. \
The ATR 72-600’s fuel efficiency, versatility, and ability to operate in challenging environments make it the ideal choice for expanding domestic and regional connectivity within Japan, the company notes. The aircraft is a preferred option for Japanese operators seeking to deliver a superior and low-emission travel experience to passengers, and for lessors and investors aiming to build an attractive portfolio with high residual value.
Seiji Shirane, Chief Executive Officer at JCAS Airways, stated, “Today’s achievement is a major milestone that moves us closer to launching operations. We are fortunate to have highly experienced partners by our side in leading lessor Avation and regional aircraft manufacturer ATR. Regional air links are crucial for Japanese communities as they connect people for healthcare, trade, business, and tourism. JCAS Airways is committed to revitalizing our country, boosting its economy, making cultural experiences accessible, and maintaining a vital lifeline for islanders.”
Jeff Chatfield, Executive Chairman of Avation PLC, commented, “We congratulate JCAS Airways on selecting the ATR 72-600 as their aircraft of choice for expanding regional air travel throughout Japan, and for choosing Avation PLC as their leasing partner. By investing in the latest generation, industry-leading low carbon footprint, Sustainable Aviation Fuel (SAF) compatible aircraft like the ATR 72, we are all investing in a more sustainable future for aviation, contributing to strengthening much-needed connectivity between regions and communities.”
“We are thrilled to witness Avation’s successful aircraft placement and welcome JCAS Airways to the ATR family,” said Alexis Vidal, ATR’s SVP Commercial. “This strategic partnership strengthens ATR’s presence in Japan and 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 aiming to unlock the full potential of regional connectivity. We will fully support JCAS Airways in their journey to provide reliable and affordable air transportation to passengers across the country.”
Japan is a vast archipelago encompassing 378,000 sq km and nearly 7,000 forest and mountain-covered islands, of which 420 are inhabited. Regional connectivity provided by the current 20 ATRs flying with five operators is essential for many, not just for trade and commerce but also for access to crucial services such as healthcare and education.
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