Magellan Air, ATR win first open t-prop bid in Russia | Aviation International News

Magellan Air, ATR win first open t-prop bid in Russia

Siberian regional airline UTair has selected the Franco-Italian ATR 42 as its primary growth platform in the first-ever open tender for regional turboprops

By Vladimir Karnozov

March 22, 2007

Siberian regional airline UTair has selected the Franco-Italian ATR 42 as its primary growth platform in the first-ever open tender for regional turboprops held by a Russian airline. UTair, ATR and Irish leasing company Magellan Air signed the respective letters of intent for five used ATR 42-300s on August 5, some three weeks before the parties expected to sign a firm contract.

After laying plans to lease the airplanes, UTair general director Andrei Martirosov told AIN that a close analysis of financing considerations led him to a direct purchase from Magellan. He estimated the value of the deal at $20 million, which covers the purchase price, technical kits and crew training. UTair expects the first airframe to arrive by the end of the year, leaving enough time to ready the airplane and crew for scheduled services next spring or early summer.

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