Deliveries at ATR increased by 44 percent in 2023, totaling 36 aircraft, amid strengthening demand from regional airlines. ATR’s sales also improved in 2023. It took orders for 40 new aircraft during the year, a 53% rise from the prior year, giving ATR a book-to-bill ratio over 1.
The company delivered 32 ATR 72-600 passenger models, eight of the -600F freighter model, and four of the smallest member of the family, the -42 model.
ATR said it was experiencing positive momentum in its business even though it is still hampered by lingering supply chain disruptions, with shortages of raw material and components preventing it from ramping up production as quickly as it would like. Production at the company continues to run far behind its pre-pandemic level, when it delivered an average of over 80 aircraft per year during 2014-2018.
Eleven new customers took delivery of ATR aircraft in 2023, including both new and pre-owned aircraft. The manufacturer reported revenue of almost $1.2 billion for the year, including $400 million derived from providing services to operators.
Asia remains ATR’s best market, but the manufacturer booked sales in Latin American and Europe in 2023, as well. The manufacturer said that overall, 160 new routes were opened by ATR aircraft last year, up from 150 in 2022. ATR expects to see significant growth mainly in South Asia, South-East Asia, and Brazil.
ATR also believes that new pressures on airlines to reduce emissions to fight climate change could push regional operators in North America, Japan, and Europe to replace a portion of the jet fleets with turboprop aircraft to take advantage of the turboprop’s higher efficiency on short-range routes.
Douglas Royce covers the aviation gas turbine and military markets at Forecast International, a market research firm that forecasts annual production across a wide range of aerospace and defense systems.
