PARIS - The leasing firm HGI Aircraft Division, a division of HGI Capital Group, signed a contract for the sale of 10 ATR 72-600s at the 2013 Paris Air Show. The aircraft will be introduced in the fleet of the Brazilian carrier Passaredo Linhas Aéreas. The deal included 10 options. If all options are exercised, the deal has an estimated value of $482 million.
HGI Capital Group is now a shareholder of Passaredo after receiving approval from ANAC, Brazil's National Agency for Civil Aviation, to invest in the airline.
Over the past three years, ATR has received firm orders for over 60 ATR 72-600s for Brazilian airlines. Brazil is currently experiencing significant development of its regional air transport networks and airport infrastructures in small and medium-sized towns. Since 2005, ATR has almost quadrupled the number of its aircraft on the Brazilian market, where currently almost 80 are operating in the colors of five different airlines. Over a hundred ATR aircraft will be operating in Brazil in 2015.
