ATR Misses 2015 Order Target But Revenues Rise

Turboprop manufacturer ATR received 76 orders in 2015, falling short of target of 90 aircraft. In results released on Thursday (January 21), ATR attributed the shortfall to lower fuel costs.

Turboprop manufacturer ATR received 76 orders in 2015, falling short of target of 90 aircraft. In results released on Thursday (January 21), ATR attributed the shortfall to lower fuel costs.

However, annual revenues reached $2bn, bettering the previous year’s $1.8m while the firm delivered 88 aircraft – two short of its annual target but still five more than 2014’s total.

ATR said it currently has a backlog of 260 aircraft, valued around $6.6bn, guaranteeing almost three years of production.

For 2016, the firm is targeting 100 aircraft orders and 90 deliveries.

Patrick de Castelbajac, CEO of the Toulouse-based OEM, said: “Despite a difficult economic climate in regions historically important for us, we have consolidated our commercial success.”

TAGS: Europe
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