Tuesday, September 28, 2010

Caribbean Airlines buying 9 new planes for $1.2 billion

European aircraft manufacturer ATR has announced that it has sealed a deal with Trinidad and Tobago's national carrier, Caribbean Airlines, to supply the airlines with nine ATR 72-600 aircraft.

The contract is worth US$200 million (TT$1.26 billion) and deliveries are to begin late next year, according to ATR, which is based in France.

ATR said the aircraft will be configured with 68 seats and will replace Caribbean's current fleet of five Dash-8 300 aircraft.

The new fixed-wing planes will operate the airbridge service between Trinidad and Tobago and will be used on some routes operated by Air Jamiaca, which Caribbean Airlines recently acquired.

The ATR media release dated Monday September 27 quotes Caribbean's CEO Captain Ian Brunton as saying the acquisition of the ATR 72-600s "will allow Caribbean Airlines to continue to develop and improve the offering to our customers."

Brunton added, "The low operating costs and fuel consumption of the aircraft are particularly appealing and provide us with tremendous flexibility in adding frequencies and developing new markets in the regional sectors.”

The company's CEO Filippo Bagnato said the ATR aircraft are well suited for the operating environment of the Caribbean and for the short-haul sectors in the region.

“The Caribbean and Latin American area has been an important market for ATR and we see strong potential for further increase in the regional fleets and networks”, he said.

“We also see this agreement with Caribbean Airlines as an important step with great potential for further cooperation to expand...in the region," Bagnato added.

The company's website states that ATR was formed in 1981 and has grown to become the world’s leading manufacturer of "advanced 50 to 74 seat regional turboprop aircraft".

It notes that "ATR is a joint venture and equal partnership between major European aerospace companies Alenia Aeronautica (a Finmeccanica company) and EADS. Its headquarters are in Toulouse, southern France and in 2009 the company generated a record turnover of US$1.4 billion (€1.1 billion)."

It says, "ATR has sold more than 1,000 ATR 42 and ATR 72 aircraft, which are used by over 160 operators in 90 countries" adding that the company meets "the worldwide standard for environmental management and sustainability".

The aircraft were ordered by the previous Manning PNM government. Works and Transport Minister Jack Warner spoke about the order during the general election campaign in May and said all deals made by the Manning government would be reviewed.

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Jai & Sero

Jai & Sero

Our family at home in Toronto 2008

Our family at home in Toronto 2008
Amit, Heather, Fuzz, Aj, Jiv, Shiva, Rampa, Sero, Jai