ATR Booked 36 Plane Orders in 2016, Down from 76 in 2015
23 January 2017 - 8:27AM
Dow Jones News
By Robert Wall
LONDON--Avions de Transport Regional, the turbprop plane making
joint venture of Airbus SE (AIR.FR) and Italy's Leonardo SpA
(LDO.MI), Monday reported a slowdown in new plane deals for last
year.
ATR said it booked orders for only 36 new planes last year, down
from 76 firm orders the year prior. New order bookings for the
Toulouse-based firm have fallen 77.5% since the company booked a
record 160 firm deals in 2014.
The figures come after Airbus and Boeing Co. (BA) earlier this
month said airline appetite for ordering new planes had retreated
in 2016
Annual order volume for ATR's turboprop, which seat between 40
and 76 people, and are used by fewer carriers are more erratic than
those for the Boeing and Airbus jetliners. ATR's planes are
principally used on shorter , less busy routes.
ATR said it delivered 80 planes last year, its third highest.
The total was down from a record 88 planes handed to customers last
year and 83 the year prior. Sales last year reached about $1.8
billion, the company said.
ATR Chief Executive Christian Scherer, who was appointed to the
job in November, said the "environment is getting tougher," even as
he expressed confidence the company's turboprops would fair well
against competitors.
Write to Robert Wall at robert.wall@wsj.com
(END) Dow Jones Newswires
January 23, 2017 03:12 ET (08:12 GMT)
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