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Binter purchases 11 aircraft

Company expansion plan that also wants to operate from Madrid

The Spanish regional air carrier Binter, which operates connections to, from and between the Canary Islands, has announced the allocation of 800 million euros for the purchase of 11 latest generation aircraft. The estimated value of the investment is approximately 826 million euros in a year and a half. The goal is to expand its fleet, reaching 42 planes by the end of 2024. Deliveries will end in 2025.

"We aspire to be among those who keep the slots" in case of entry to the Madrid-Barajas airport. Anyway, "we consider the possibility of asking the Government to review the airport rates", since "the margins have been reduced, even if they are not negative, due to the increase in costs", stated the president of the company, Rodolfo Núñez, interviewed by the information site "Expansion".

The current fleet of the Canary Islands company is made up of 24 Italian-French ATR-72 aircraft (in the /500 and /600 versions) with 70 seats and 5 E-195/E2 with 132 seats available. Four E-195/E2s have currently been delivered, which will be used on flights from Madrid to Gran Canaria and Tenerife North. The acquisitions are financed by the banks CaixaBank, Santander and BBVA.

Binter airline is reportedly negotiating with the Spanish government to review fares downwards. A choice that could be accepted considering that, thanks to funds for territorial continuity from Madrid (flights at 70-140 Euros), the company closed 2023 with a turnover of almost 500 million Euros and expects growth of +10 % on some routes in 2024.

Gic - 1256414

AVIONEWS - World Aeronautical Press Agency