2005: Outstanding Year for ATR
Paris, 23 January 2006
On the occasion of the ATR annual press conference, which took place today in Paris, Filippo Bagnato, Chief Executive Officer, announced a turnover for 2005 of $542 million, an increase of 15% compared to 2004 ($469 million revenues, based on IAS standard). Henceforth, ATR will present its turnover in the international accounting standard (IAS).
1. 2005 status
a) New Aircraft Sales
ATR has logged firm orders for 90 new aircraft plus 26 options.
“This commercial success is evidence of the strong revival of the turboprop aircraft in the regional aviation market”, said Filippo Bagnato. “We have to go back more than 15 years to register this high of a level of sales. 2005 is ATR’s one of the best years with a level of sales equivalent to 1988”, he added.
From the beginning of the programme, ATR has sold 778 aircraft (398 ATR 42s and 380 ATR 72s), through 31 December 2005.
Among the 11 customers who ordered new ATR aircraft in 2005, five are new. ATR portfolio is now composed of 121 operators.
The reasons for the revival of the turboprop are due to the soaring price of a barrel of crude oil, to the regional market’s growing traffic and to the obligation for airlines to reduce their costs. “The new generation of ATRs is the right answer to these constraints on the regional market by offering state-of-the-art, reliable and environmentally sensible aircraft with unbeatable economics and jet-like comfort to airlines”, commented Filippo Bagnato. “The ATR aircraft of today is a modern aircraft. We are witnessing a new recognition of the turboprop after many years of focus on the regional jet.”
Firm Orders 2005
| Airline | Country | ATR 42-500 | ATR 72-500 |
| Air Deccan | India | 30 | |
| CCM Airlines | France | 6 | |
| Finncomm Airlines | Finland | 8 | |
| Air Calédonie | New Caledonia | 1 | 2 |
| Air Caraïbes | Guadeloupe | 1 | |
| Turkish Navy | Turkey | 10 | |
| Binter Canarias | Spain | 1 | |
| Air Tahiti | French Polynesia | 1 | |
| Air Madagascar | Madagascar | 1 | 2 |
| Pakistan International Airlines | Pakistan | 7 | |
| Kingfisher Airlines | India | 20 | |
| Total | 17 ATR 42-500s | 73 ATR 72-500s |
b) New aircraft Deliveries
In 2005, ATR delivered 15 aircraft to 7 airlines, in line with the objectives. From the beginning of the programme, ATR has delivered 689 aircraft (382 ATR 42s and 307 ATR 72s) through 31 December 2005.
Deliveries 2005
| Airline | Country | ATR 42-500 | ATR 72-500 |
| Binter Canarias | Spain | 2 | |
| CSA | Czech Republic | 4 | |
| Air Deccan | India | 3 | |
| Air Madagascar | Madagascar | 2 | |
| CCM Airlines | France | 2 | |
| Air Tahiti | French Polynesia | 1 | |
| Finncomm Airlines | Finland | 1 | |
| Total | 5 ATR 42-500s | 10 ATR 72-500s |
c) Backlog
On 1st January 2006, ATR has a backlog of 89 aircraft.
d) Second Hand Aircraft
On the second hand aircraft market, ATR registered once again a strong activity in 2005, exceeding its target.
ATR posted 43 aircraft transactions (19 ATR 42s and 24 ATR 72s) including 12 cash sales. ATR delivered 48 aircraft.
Seven new companies were added to the ATR portfolio: Bonair (Dutch West Indies), Aerocondor (Portugal), Halcyon (Cape Verde), Phoenix (Singapore), Westair (Sweden), Pluna (Uruguay), Tiko (Madagascar).
e) Cargo business
66 ATR cargo aircraft are currently operated worldwide: 33 in North America, 5 in South America, 24 in Europe, 4 in Africa. The cargo fleet in operation, which increased twofold in one year, represents around 10% of ATR worldwide fleet in operation proving the success of this platform.
f) Customer Services
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Three important global maintenance agreements (GMA) had been signed with Air Deccan, CCM and EuroLOT, covering 55 additional aircraft for a total amount of $110 million on five years.
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The all new full flight trainer (FFT) recently installed in Toulouse-based ATR training centre (ATC) has been fully certified by the French civil aviation authorities (DGAC) end of last year.
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With the aim to thoroughly restructure the logistic support, ATR launched in 2005 a very ambitious project of “re-engineering” dubbed ASTRE (ATR Spares Total Re-engineering). This two-year project will allow ATR to improve the level of services to its customers, both on spare parts and on repairs.
2. 2006 perspectives
a) Commercial Activities
The objective is to deliver 25 new aircraft in 2006 with an increase to about 40 aircraft in 2007. Accordingly, the revenues for ATR will more than double between 2004 and 2007 to around $1 billion.
In the regional sector, the new aircraft market remains strong in Western Europe. Asia and the Indian Sub-continent represent significant market potential. Developing markets for turboprop aircraft such as in Russia, China and Latin America also show strong potential for growth. North America also has the possibility to develop for additional sales opportunities.
b) Support activities
ATR is steadily increasing its support capabilities and services worldwide.
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In order to be closer and even more reactive towards its clients, ATR decided to transfer and open new spare parts distribution centres. An agreement should be signed in the near future with a worldwide integrator.
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Transfer: the European distribution centre in Toulouse will be moved from Toulouse to Paris (Roissy). The American distribution centre of Washington will relocate to Miami, so as to give a better service to US and Southern American customers.
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Openings: two spare parts centres may open during this year, one in New Delhi (India), the other one in Auckland (New Zealand).
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India is a country in which a number of projects will take shape this year. In addition to opening a spare parts centre, ATR plans to establish a support centre and training centres. ATR will also contribute to the establishment of an aircraft maintenance centre.
c) Developments
ATR’s operating philosophy has always been based upon a process of continual improvement of its aircraft to respond to the market requirements. In 2006, ATR will pass a new milestone with the development of several major innovations in the following areas:
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Technology …for simplicity
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Performance …for economics
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Comfort and look …for passenger appeal
About ATR
Toulouse, Southern France-based regional aircraft manufacturer ATR is the world leader in the 50 to 70-seat turboprop market. ATR is an equal partnership between Alenia Aeronautica (Finmeccanica group) and EADS.
ATR is certified ANSI/ISO/ASQ Q 9001:2000 and EN/AS/JISQ 9100, the worldwide quality standard in the field of aeronautics.
ATR Contact
| Frédéric Lahache |
Tel.: +33 5 62 21 60 61 mailto: frederic.lahache@atr.fr |
