Chorus Aviation Inc. announced today an agreement to lease four new ATR 72-600s to the Lion Air Group.
The first of these aircraft is scheduled for delivery in the fourth quarter of 2018, with the remaining three scheduled for delivery in the first and second quarters of 2019. It is anticipated that the aircraft will be operated by members of the Lion Air Group in Indonesia and Malaysia.
This transaction marks the second multi-aircraft leasing transaction in the fast-growing Southeast Asia region, expanding Chorus’ leasing business to 12 lessees in 12 countries and a total of 78 aircraft.
Upon completing the transaction contemplated by this announcement, Chorus Aviation Capital’s customers will comprise: Aeromexico Connect; Air Nostrum; Azul Airlines; CityJet; Ethiopian Airlines; Flybe; Falcon Aviation Services; KLM Cityhopper; Lion Air Group; Philippine Airlines; Virgin Australia; and its Chorus affiliate, Jazz Aviation.
Top Copyright Photo: Wings Air (Indonesia)-Lion Group ATR 72-212A (ATR 72-600) PK-WHP (msn 1290) DPS (Pascal Simon). Image: 944060.
Lion AIr (Jakarta) on February 16, 2012 signed a contract with ATR for the purchase of 27 additional ATR 72-600 aircraft. Once these aircraft will be integrated into the fleet of Lion Air’s regional subsidiary Wings Air, it will become the largest operator of ATR aircraft in the world, with a total fleet of 60 aircraft (20 ATR 72-500s and 40 ATR 72-600s). Wings Air currently operates a fleet of 16 ATR 72-500s across its domestic network in Indonesia. The airline plans to receive its 60th ATR 72 by the end of 2015.
These next 44 ATR 72-500/600s to be delivered to Wings Air will continue to develop new routes departing mainly from Sumatra, Kalimantan, Sulawesi and Papua islands. Some of these aircraft will also replace and complement Wings Air’s MD-80s and Lion Air’s Boeing 737s operating from these airports, thus adding new frequencies into the network.