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Indiaexportnews.com

Stephenson Harwood acts on ATR deal

  22.02.2012    

International law firm Stephenson Harwood has advised Indonesia-based Wings Air  on the purchase of 27 ATR 72-600 aircraft, making it the world’s largest ATR aircraft operator. Wings Air is a subsidiary of Indonesia’s Lion Air.
The contract, valued at US$610 million, was signed Thursday between Wings Air and ATR. The 27 new aircraft will bring Wings Air’s total fleet to 60 aircraft – comprising 20 ATR 72-500s and 40 ATR 72-600s.
Wings Air currently operates a fleet of 16 ATR 72-500s across its domestic network in Indonesia. It has yet to take delivery of some 17 ATR aircraft purchased prior to this contract, but expects to receive these as well as the last ATR aircraft from this new contract by the end of 2015.
Global Head of Aviation Paul Ng said, "Turbo prop aircraft, the smaller cousin of the jet aircraft, is an ideal aircraft in countries like Indonesia, helping to connect remote parts of the country to the larger hub cities and other cities. Stephenson Harwood is delighted to have been able to be involved in this transaction and to be able to continue to support our clients in bringing air travel to a wider group of people."



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