Garuda expands fleet in US$840m ATR deal
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[JAKARTA] PT Garuda Indonesia will lease as many as 35 ATR 72-600 turboprop aircraft from Nordic Aviation Capital to modernise its regional fleet amid rising travel demand in South-east Asia's largest economy.
Garuda has signed a firm commitment for 25 of the planes, with options for 10 more, ATR said yesterday. The deal is worth more than US$840 million, and deliveries of the aircraft will start next month.
ATR, as the Avions de Transport Regional joint venture of European Aeronautic, Defence & Space Co and Finmeccanica SpA is known, has booked 83 aircraft sales this year including the turboprops for Garuda it previously listed as being purchased by an undisclosed customer. The Toulouse, France-based aircraft maker is outselling rival Bombardier Inc.
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