Regional aircraft lessor Nordic Aviation Capital (NAC) has placed a firm order for 25 ATR 42-600s, plus 50 options, which were previously listed as undisclosed on the manufacturer’s order book.

Announcing the order at the Farnborough Airshow on Monday, NAC CEO Martin Moller said: “In my view, the ATR 42-500 and -600 are unfairly forgotten. Some people think 50-seat turboprops are a thing of the past, but we don’t think so. It is a thing of the past and the future. We love these products and see a large order as the best way to show our share in this increasingly competitive market.”

Moller added that at least half of the firm orders are close to being placed. “We have a good idea where half these aircraft will be going and we are confident we will get the rest placed. Historically, we have exercised all our options.”

New ATR CEO Patrick de Castelbajac said  there is still a strong market for its smallest aircraft, with over 900 aircraft slated for replacement over the coming years. “I think there is much more to come for ATR 42 replacements, not to mention growth,” he said.