The regional aircraft manufacturer ATR has released its annual results for 2023, which showed impressive growth in sales and deliveries.
ATR reported selling 40 new aircraft in 2023, a 53% increase over the previous year. The company also welcomed 11 new customers in 2023, spanning both new and pre-owned aircraft.
ATR faced supply chain disruptions due to shortages in raw materials and components, which caused it to miss its annual goal of 40 deliveries. However, despite these challenges, the company was still able to increase its production and deliver 36 aircraft, which represents a 44% increase from the previous year.
“2024 will be a year of stabilisation, paving the way for future growth, and we have already delivered two aircraft since the beginning of the year, which sets a promising pace for ATR,” Nathalie Tarnaud Laude, ATR’s CEO commented.
ATR also opened 160 new routes operated by its aircraft, an increase from 150 in 2022, while its revenues reached over $1.2 billion, the highest annual revenue since the onset of the pandemic.
ATR’s expansion efforts were further highlighted by orders from customers in Latin America and Europe in 2023, demonstrating its global reach and appeal. The company anticipates continued demand in the regional aircraft market, particularly in regions such as South Asia, Southeast Asia, and Brazil.
The manufacturer also hopes that new environmental regulations will drive replacement demand, particularly in Europe, Japan, Canada, and the United States, where ATR aircraft offer an immediate and significant reduction in emissions compared to similar-sized regional jets.