Japan's Feel Air Signs LOI for 36 ATR Aircraft

(19 July 2022, 10:17 +07)  ATR has signed a Letter of Intent for up to 36 aircraft with Feel Air Holdings, a new regional airline holding company in Japan.

Feel Air plans to use a franchise business structure to gradually establish a family of regional airlines that will cover new regional connections throughout the Japanese archipelago, which has close to 100 airports in operation.

The LOI confirms Feel Air’s commitment to the exclusive use of ATR aircraft for its domestic operations, with a fleet that will consist of both ATR 42-600 and ATR 72-600 aircraft, as well as the short take-off and landing variant, the ATR 42-600S, for easier access to smaller regional airports.

ATR has signed a LOI for up to 36 aircraft with Japan's Feel Air Holdings

Mr. Hideki Ide, Chief Executive Officer of Feel Air Holdings, said, “Over the coming years, Feel Air Holdings will establish at least five regional airlines, with a fleet that will ultimately comprise 36 ATR aircraft. Our fundamental goal is to improve regional air mobility in Japan by connecting local destinations that currently do not have air service, thereby creating stronger links between regional businesses and people, generating new markets, and enriching local economies. ATR aircraft play an essential part in our business strategy because they are the ideal size for such regional operations and demonstrate exceptional operational efficiency.”

There are currently 15 ATR aircraft flying across Japan with three operators. Two more operators will start operations as well in the coming months. In total, ATR sees a potential for 100 ATR aircraft operating in Japan in the medium term.

Stefano Bortoli, ATR Chief Executive Officer, said, “Air transport is crucial for Japan’s islands and regions, and the establishment of Feel Air will help connect Japan’s regions affordably and sustainably. At ATR, we want to help ensure that aviation and Feel Air in particular can contribute to a prosperous future for Japan. Together, we will explore many opportunities for our versatile and sustainable turboprops in the coming years, to further support Japan’s economic development and its need for quick, reliable and responsible essential services.”

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