Binter Expands ATR Fleet with €215M Order
On February 14, 2025, Spanish airline Binter announced a significant fleet expansion with an order for four additional ATR 72-600 turboprop aircraft, along with an option for five more in the future. This strategic move underscores the carrier’s commitment to modernizing its fleet and enhancing its regional connectivity, particularly across the Canary Islands, the Spanish mainland, and beyond.
Binter, already one of the largest ATR operators globally, currently boasts a fleet of 26 ATR 72-600 aircraft. The new order reinforces its position in the market and complements its longstanding history with ATR turboprop operations. Over the years, Binter has gradually phased out older legacy models in favor of the more efficient and reliable ATR 72-600 generation, which is renowned for its performance, fuel efficiency, and enhanced passenger comfort.
In addition to its ATR 72-600 fleet, the airline also operates one ATR 72-500 and 16 Embraer E195-E2 jets. This diversified fleet allows Binter to cater to a wide array of routes. While the ATR turboprops are primarily used for short-haul regional flights within the Canary Islands and between the islands and mainland Spain, the Embraer jets serve longer routes, including select destinations in Portugal and North Africa. The new ATR 72-600 order will further optimize the airline’s operational flexibility and enable it to meet growing regional demand.
The €215 million investment in these new turboprops is being financed by three of Spain’s major banks: Santander, CaixaBank, and BBVA. This financing arrangement not only reflects confidence in Binter’s strategic vision but also highlights the strong support from the Spanish financial sector for the country’s aviation industry. The infusion of capital will enable Binter to maintain its competitive edge in a market that is rapidly evolving with modern aircraft technology and increasing passenger expectations.
Since its takeover in 2022 by a consortium of private investors based in the Canary Islands, Binter has invested over €1.1 billion in fleet renewal and expansion initiatives. This substantial investment has allowed the airline to upgrade its service offerings, improve fuel efficiency, and reduce its carbon footprint while maintaining high safety standards. The new order for ATR 72-600s is a continuation of this successful transformation, ensuring that the airline remains at the forefront of regional aviation.
The announcement of this fleet expansion comes on the heels of ATR’s presentation of its 2024 annual results on February 12, 2025. ATR reported $1.2 billion in revenues along with a record 40% increase in orders, highlighting the robust demand for modern turboprop aircraft in the current aviation market. This positive outlook further supports Binter’s decision to expand its fleet with state-of-the-art ATR models.
By investing in new ATR 72-600s, Binter not only strengthens its operational capabilities but also enhances the overall travel experience for its passengers. With improved fuel efficiency, lower emissions, and a more comfortable cabin environment, these aircraft are set to play a critical role in the airline’s growth strategy. As Binter continues to expand its network within the Canary Islands, Spain, and neighboring regions, the new ATR order stands as a testament to its commitment to innovation, safety, and customer satisfaction.
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