SOURCE: ATR; July 15, 2014

The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraft

On the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now has 28 ATR 72-600s in its portfolio.ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability, comfort, and low operating costs for airlines.

Steven Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation, stated, "We are experiencing success placing our ATR 72-600s with operators expanding regional air connectivity and short segment routes all over the world. With its compelling operating costs and modern cabin interior designs, we believe demand for this aircraft will continue to increase.”

Patrick de Castelbajac, Chief Executive Office of ATR, said: “Today’s deal further underlines the appeal of the newest ATR ‘-600s’ for the leasing firm community.” He added: “We are honored that such a successful company as Air Lease and the main trend-setter of the aviation industry, Mr. Udvar-Házy, are renewing their confidence in ATR as the most efficient aircraft in regional aviation”.

About the ATR 72-600:
Passenger capacity: 68 to 74 seats
Engines: Pratt & Whitney 127M
Maximum take-off power: 2,750 horsepower per engine
Maximum take-off weight: 23,000 kg
Maximum load: 7,500 kg
Maximum flight range when fully loaded: 900 nautical miles (1,665 km)

About Air Lease Corporation (NYSE: AL)
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC’s website at www.airleasecorp.com.