The ATR is a twin-engine, turbo-propeller, high-wing, regional aircraft which is developed as the result of a joint venture specifically for the purpose of delivering this aircraft. The joint venture between Aérospatiale of France, now known as Airbus, and Aeritalia of Italy, now known as Leonardo was signed on 04 November 1981.
Both organisations had identified an opening space in the regional market which had been serviced for quite some time by the then-aging Fokker F-27 Friendship and the Handley-Page Herald.
This was a time, in Europe particularly, when aircraft makers were collaborating on ventures which would produce new models, such as the Airbus A300.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.
