PIA has placed firm orders for seven new ATR 42-500 aircraft. The agreement was signed by Tariq Kirmani, chairman and chief executive of PIA, and Filippo Bagnato, chief executive of ATR, in the presence of the general consuls of France and Italy.
The aircraft will replace PIA’s aging Fokker F-27s. The 48-seat ATR 42-500 aircraft are scheduled to be delivered in 2006 and 2007, starting in May 2006.
The total value of the contract is about $100 million.
The Spanish carrier Binter Canarias has signed a contract for one new ATR 72-500 to replace its ATR 72-210 model with a new-generation aircraft.
The additional aircraft is a continuation of the airline’s fleet renewal process started last year. In the medium term, there is further potential for the company to acquire up to five more ATR 72-500s, says ATR.
Source: Flight Daily News