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 Group (Jakarta) has signed a $1 Billion purchase agreement for 40 additional ATR 72-600s from ATR, hiking the firm order total to 100 aircraft. Lion Group becomes ATR’s largest customer ever.
There are currently three subsidiary airlines in the Lion Group operating ATRs: Wings Air with a fleet of 32 ATR aircraft operating in Indonesia; Malindo Air with a fleet of 10 ATRs operating in Malaysia; and Thai Lion Air, so far with 1 ATR in operation in Thailand. These additional 40 ATR 72-600s will be used to meet the growing demand forecast over the next five years both within the Group’s existing operators’ networks and to develop other opportunities for ATR operations throughout Asia and developing markets worldwide. Deliveries of the aircraft signed today will start in 2017 and run into 2019.
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Wings Air’s ATR 72-212A (ATR 72-600) PK-WGG (msn 1063) departs from Denpasar on the island of Bali.