Lonrho to acquire 8 ATR 72-500s

ATR and the pan-African investing conglomerate Lonrho announced the signature by Lonrho’s wholly-owned subsidiary, Lonrho Air, of a MoU for the purchase of 8 ATR 72-500s. The aircraft will be operated by Fly540, an airline belonging to the conglomerate. The deal, which includes a comprehensive support and spares package, is valued at over $150 million. The deliveries of these aircraft are scheduled for 2008 and 2009.

Lonrho’s Fly540, is developing an expanding aviation network across Africa, providing much needed air transportation at international standards of comfort and service. Fly540 will be operating in eight African countries by early in 2008 and these new aircraft will allow the airline to continue its rapid expansion to develop its network linking African countries with quality regional service.

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