Contributor - Asia

Jennifer Meszaros

Franco-Italian turboprop maker ATR has released its 2023 annual results, highlighting strong performance on the back of increased deliveries and sales as well as a record year for support and services. The robust growth translated to nearly $1.2 billion in revenue, including more than $400 million in services.&nbsp;
ATR delivered 36 aircraft in 2023, representing a 44 percent increase from the prior year. Sales rose by 53 percent from 2022 with 40 new aircraft sold, resulting in ATR achieving a book-to-bill greater than 1—an indicator of strong demand.
Beyond welcoming 11 new customers of both new and pre-owned aircraft, 100 transactions on the second-hand market underpinned ATR’s performance. The manufacturer also saw 160 additional ATR routes open globally—up from 150 routes in 2022.
While Asia continues to reign as the manufacturer’s most dynamic customer base, ATR also enjoyed orders from Latin America and Europe. Despite robust growth, the company said, “lingering supply chain disruptions, with raw material and component shortages” curbed ambitions to “ramp up.”
“Our 2023 results underscore the value and relevance of our products and services and our ability to adapt to changing market dynamics,” said ATR CEO Nathalie Tarnaud Laude. “Our turboprops remain the backbone of many regional airlines’ fleets, praised for their fuel efficiency, low emissions, cost-effectiveness and versatility.”
ATR has earmarked India, Indonesia, the Philippines, and Brazil for future demand and fleet growth. The company projects new regulations arising from environmental pressure will spur further opportunities to capture a healthy chunk of the replacement market in Canada, Japan, and the United States, as well as in Europe.
“2024 will be a year of stabilization, paving the way for future growth, and we have already delivered two aircraft since the beginning of the year, which sets a promising pace for ATR,” Laude added.

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