JCAS Airways to lease ATR 72-600 from Avation, boosting regional connectivity in Japan

World’s number one regional aircraft manufacturer ATR proudly announces the signature of a Letter of Intent between Japanese startup airline JCAS Airways and Singapore-based lessor Avation PLC (LON:AVAP) for the lease of an ATR 72-600. This milestone marks the commitment of JCAS Airways to launch operations with ATR’s new generation turboprop. Delivery is scheduled for end 2025. The initial routes will connect Kansai to Toyama and Yonago.

The agreement comes on the heels of a recent order placed by Avation for 10 ATR 72-600 last May. The placement of this first aircraft, well ahead of its delivery, is a clear positive sign from the market, showcasing its dynamism and the liquidity of the ATR as an asset.

With its exceptional fuel efficiency, versatility, and ability to operate in challenging environments, the ATR 72-600 is the perfect choice for expanding domestic and regional connectivity in the Japanese market. It is the go-to aircraft for Japanese operators looking to deliver a superior and low-emission travel experience to their passengers, as well as for lessors and investors aiming to build an attractive portfolio with a high residual value.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Avation plc

More articles like this

Avation plc

Airbus partners with the Philippines for SAF feasibility study

Airbus, in collaboration with the Philippine government, has launched a series of feasibility studies focusing on sustainable aviation fuels (SAF) in the country. This initiative was revealed during the Philippines Aviation Summit held in Manila on

Avation plc

Sustainable Aviation Fuel: A key to greener skies

The airline industry is increasingly embracing sustainable aviation fuel (SAF) as a critical solution in the quest for decarbonisation. SAF represents a renewable energy source with far lower carbon emissions compared to traditional fossil fuels, contributing

Avation plc

Regional aviation connecting America’s remote communities

In the United States, regional air services play a critical role in linking rural and remote communities to the wider world, ensuring access to economic opportunities, education, healthcare, and social connections. While major cities benefit from

Avation plc

Avation Plc to publish FY results on 26 September 2024

Avation PLC (LON: AVAP), the commercial passenger aircraft leasing company will publish results for the financial year ended 30 June 2024 at 7am BST (UK) on 26 September 2024.x Avation welcomes shareholder questions and comments and advises

Avation plc

Avation Plc completes sale of two ATR 72-600 aircraft to DAT

Avation PLC, a company specialising in commercial passenger aircraft leasing, has announced the sale of two ATR 72-600 aircraft to Danish Air Transport (DAT). These aircraft, originally acquired by Avation in 2018, were leased to DAT

Avation plc

Air Corsica strengthens fleet with ATR 72-600 delivery

Air Corsica has celebrated a significant milestone with the delivery of its ATR 72-600 aircraft, marking the 1,700th delivery for ATR Aircraft. This delivery completes Air Corsica’s transition from the ATR -500 series to the latest

Avation plc

Avation renewes membership of Singapore’s Aircraft Leasing Scheme

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, has announced that its main operating subsidiaries have been granted a further five year tax incentive in Singapore under the Aircraft Leasing Scheme. Avation’s headquarters are in Singapore

Avation plc

Avation Plc: Soaring with the growth of global aircraft leasing

The aviation leasing sector is a pivotal player in the global transportation industry, with strong fundamentals that continue to propel growth across international markets. The ongoing expansion of commercial air travel, coupled with the necessity for

Avation plc

Airlines forecast stronger profits in 2024

IATA has revised its profitability projections for airlines in 2024, showing stronger figures compared to previous forecasts in 2023. Despite the improvement, the industry still struggles to achieve a return above the cost of capital. In

Avation plc

IoT in the aviation industry

Technological advancements are transforming the aviation industry, with the Internet of Things (IoT) being particularly revolutionary. By 2022, the IoT in Aviation market was valued at $1.57 billion and is projected to reach $6.40 billion by

Avation plc

Avation signs LOI to lease ATR 72-600 to JCAS Airways

Avation PLC, a lessor based in Singapore, has signed a Letter of Intent with the Japanese startup airline JCAS Airways for the lease of an ATR 72-600 aircraft. This agreement underscores JCAS Airways’ dedication to launching