JCAS Airways and Avation PLC sign lease agreement for ATR 72-600 aircraft

Japanese start-up airline JCAS Airways and Singapore-based lessor Avation PLC (Aviation) have signed a letter of intent (LOI) for JCAS to lease one ATR 72-600 aircraft. This milestone signifies JCAS Airways' commitment to launching operations with ATR's new-generation turboprop. Delivery is scheduled for the end of 2025, with initial routes connecting Kansai to Toyama and Yonago.

This agreement follows Avation's order for ten ATR 72-600 aircraft placed last May. The early placement of this first aircraft underscores the market's dynamism and the liquidity of the ATR as an asset.

The ATR 72-600, with its exceptional fuel efficiency, versatility, and ability to operate in challenging environments, is an ideal choice for expanding domestic and regional connectivity in Japan. It is favoured by Japanese operators seeking to provide a superior, low-emission travel experience to passengers, as well as by lessors and investors looking to build an attractive portfolio with high residual value.

Jeff Chatfield, Executive Chairman of Avation PLC, expressed congratulations to JCAS Airways on selecting the ATR 72-600 to expand regional air travel in Japan and choosing Avation PLC as their leasing partner. He highlighted that by investing in industry-leading, low carbon footprint, SAF-compatible aircraft like the ATR 72, both companies are contributing to a more sustainable future for aviation and reinforcing much-needed connectivity between regions and communities.