DUBLIN, IRELAND — Newly formed Lessor Abelo, and regional aircraft manufacturer ATR announced the signature of Heads of Agreement for ten brand new ATR 72-600 aircraft. The Dublin-based leasing company is also to confirm an order for 10 ATR 42-600S (the Short Take-off and Landing, or STOL, variant) previously signed by Elix Aviation in 2019.

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

"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 creating 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," Steve Gorman, Chief Executive Officer of Abelo, said.

"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," Stefano Bortoli, ATR Chief Executive Officer, commented.

ATR's new market forecast, which was unveiled yesterday, 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.