Silver Airways signs LOI for up to 50 ATR-600 series turboprops

Florida-based Silver Airways took significant steps toward a long-term goal to become a major US airline by announcing its intention to purchase up to 50 ATR-600 series turboprops, valued at a potential US$1.1b if all options are taken. Silver’s initial order is for 20 ATR 42-600 aircraft, the 46-50 seat model; the letter of intent signed Aug 1 provides Silver the ability to up-gauge to the larger 68-78 seat ATR 72-600 model. The firm 20 ATR 42-600 aircraft will be lease-financed by Silver, the company said. Silver will be ATR’s first North American customer for its -600 series turboprops. Silver plans to take delivery of up to 4 of the new ATRs in Q4 2017, following regulatory approvals. Delivery of the remaining 16 aircraft should be completed by Q1 2020, the company said. <br/>
ATW
http://atwonline.com/aircraft-orders-deliveries/silver-airways-signs-loi-50-atr-600-series-turboprops
8/1/17