Turboprop manufacturer ATR doubled its order intake in 2011, selling 157 of its regional aircraft which comfortably eclipsed 2010′s total of 80.
With its backlog now standing at 224, worth $5 billion, it is also well-ahead of Canadian rival Bombardier, where sales of the Q400 have been virtually non-existent and backlog stands at just 29 aircraft.
In 2011 the company took orders for 13 ATR 42s and 144 ATR 72s, giving the airframer an 80% market share. Order intake was 40% above its previous record year in 2007.
The company also holds options for a further 79 aircraft.
It delivered 54 units during the period, against 51 a year earlier, including its first ATR 72-600.
ATR recorded revenue of $1.3 billion in 2011.
The ATR has very handily outpaced Bombardier’s Q400, despite the Q400 being regarded as a “better” aircraft in many aspects. More analysis on that soon.
In ATR’s announcement, some planes which I expected to be counted in the backlog were not. They are the 38 ATR 72-500s that Kingfisher Airlines
had on order. These airplanes are nowhere to be seen in the order backlog.
had an explanation to why the orders are missing from the backlog: they have been cancelled because it hadn’t met the pre-delivery payment schedule which it had agreed to. ATR says that Kingfisher is “not in a financial position to take the aircraft anytime soon.”
It’s no secret that Kingfisher Airlines’ has been going through some very difficult financial times
, with recent repos of some of its fleet by lessors and almost 1/2 of its fleet grounded due to lack of spare parts. Therefore, it’s not much of a surprise.
Just another step on Kingfisher’s journey to bankruptcy.