MAS orders 36 ATR aircraft for US$840m

Publish date: Tue, 19 Feb 2013, 06:26 PM
Malaysia Airlines (MAS) has ordered 36 ATR 72-600s for a total purchase costing over US$840 million from Avions de Transport Regional G.I.E (ATR).

The orders involve 20 firm ATR 72-600 turbo-prop aircraft plus option for 16 additional aircraft.

The purchase agreement is a follow-up of the memorandum of understanding announced by the two signatories in December 2012, with deliveries commencing by mid-2013, the national carrier said in a statement today.

With today's signing, MAS brings to 42 the total of firm ATR 72s purchased since 2007, the airline said.

"MAS currently has 22 ATR 72-500s in its fleet, operated by its subsidiaries Firefly (12) and MASwings (10)," it said.

MAS said the introduction of this aircraft, the first ATR72-600s selected for the growing Malaysian and regional networks, would reinforce the position of these two subsidiaries in the community markets and key business routes while reaffirming the MAS Group as a major operator of ATRs in Asia.

The new ATR 72-600s will enable Firefly and MASwings to further expand their regional offering by adding new routes, frequencies and connectivity to MAS' global network.

MAS Group Chief Executive Officer Ahmad Jauhari Yahya said: "We've partnered ATR for the last five years and we are satisfied with the outstanding performance and commercial results that our ATR 72s provide to our growing community networks.

"The new aircraft will further improve the guest experience on our community airlines as they connect more and more people across Malaysia and the surrounding regions," he added.

Filippo Bagnato, the chief executive officer of ATR, said: "MAS is a really prestigious partner for ATR in Asia.

"We're honoured with the renewal of their confidence and we're pleased to further develop our relationship with the introduction of the many advantages of the ATR 72-600, our newest product," he added.-- Bernama

Labels: MAS

Discussions
Be the first to like this. Showing 4 of 4 comments

Hustle

Sounds like MAS want to use Red Sea strategies already :)

2013-02-19 23:21

greatdreamer

No choice. Better for MAS to beef now. Malindo Air also want to adopt turboprop ATR plane to compete against Firefly. Whether Malaysia government will approve this turboprop licence, will remain to be seen.

2013-02-20 09:25

Ammar Roshidy

I just hope that MAS did not make this purchase via a middle man.... I will be supprised.

2013-02-20 21:01

talk2pkc

Regardless of middle man, for sure "charity" funds is inevitable , loh .......... ranging fr 0.25% to 10% , depends on how near one is to the "window" , too close could be exposed n therefore get higher rewards , mahhhhhh Mysia BOLEH lah n whats new !!!
More interesting is the effect of this commitment for medium-long term ??? Is that mean current price might continue to drop towards 0.50 ???

2013-02-20 21:27

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