Fleet Financing

Binter finalizes the financing of six new ATR 72-600s

The acquisition by Binter Canarias of six new ATR 72-600 aircraft will be carried out thanks to a banking consortium made up of Santander, Caixabank and BBVA to finance the new aircraft. Since 2002, the company has acquired 42 aircraft from the manufacturer ATR in successive operations for more than $ 900 million.

Binter has entered into a financing agreement with a banking consortium made up of the main Spanish banks, Santander, Caixabank and BBVA, with advice from Deloitte and KPMG, to develop its fleet extension program.

Binter’s president, Rodolfo Núñez, and his vice-president, Alfredo Morales, signed the agreement in Gran Canaria with senior representatives of the three banking entities. Through this operation, the airline will invest more than $ 120 million to purchase six ATR 72-600s, which will be delivered in 2022 and 2023.

Rodolfo Núñez underlined that “we continue to bet on a young, efficient fleet with the necessary size to continue to provide the best service to our customers. “

This year, we received the last two planes of the purchase program that we signed in 2015 and we have already signed a new contract for the extension and renewal of the fleet, for which we are now closing the financing,”Added Nuñez.

In addition to the 42 aircraft acquired from the manufacturer ATR during successive operations, Binter has also integrated five Embraer E195-E2 aircraft into its fleet, with which it operates routes to the Iberian Peninsula, Italy and France.

Thanks to this significant investment effort, Binter has established itself as the airline with one of the most modern fleets in Europe. According to CH-Aviation, the Canarian company has one of the youngest fleets in Europe, with an average of 4.8 years.