SOURCE: AFI
ATR, the turboprop aircraft manufacturer jointly owned by Airbus and Leonardo, is eyeing India as its potential crown jewel market. The company predicts India becoming its largest market within the next five years, driven by a robust demand for 50-150 planes.
This optimism stems from several factors. Currently, India boasts the fastest-growing fleet of ATR aircraft globally, with the youngest average age compared to other regions. “It would be blind not to see the importance of India for us and aviation at large,” remarked ATR CEO Stefano Clercin, highlighting the company’s commitment to the Indian market.
This bullish outlook is fueled by the burgeoning regional aviation sector in India. With growing aspirations for faster and more convenient travel, coupled with lagging development of alternative transportation infrastructure like roads and railways, regional aviation is poised for exponential growth. “People want more convenience and a faster way to go around,” Clercin said, emphasizing the crucial role ATR sees itself playing in connecting India’s diverse regions.
The existing footprint of ATR in India is significant, with IndiGo and Alliance Air already operating 65 ATRs. This number is set to increase soon, with Fly 91 poised to receive its first leased ATR aircraft. Furthermore, ATR is actively engaged in discussions with other Indian airlines for potential orders, indicating a potential surge in demand.
Beyond sales, ATR is exploring deeper market penetration by considering increased component sourcing from India. This move could create local jobs and boost the Indian aerospace ecosystem, fostering a mutually beneficial partnership.
With its strategic focus on India’s booming regional aviation market, ATR seems well-positioned to capitalize on the immense potential the country offers. The predicted demand of 50-150 aircraft over the next five years paints a promising picture for ATR’s future in India, potentially making it the company’s largest and most dynamic market globally.