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Blueberry Aviation Completes Recovery of Garuda’s ATR72-600 Fleet

Blueberry Aviation Completes Recovery of Garuda’s ATR72-600 Fleet
Blueberry Aviation has announced the successful conclusion of the recovery of Garuda Indonesia’s ATR72-600 fleet, marked by the return of the tenth and final aircraft to Toulouse on July 5, 2026. This project, undertaken on behalf of the French and Italian Export Credit Agencies (ECAs), represents a significant achievement for the Monaco-based aircraft trading and asset management firm.
Complex Recovery and Asset Management
The recovery process involved numerous challenges, including ensuring the airworthiness and safety of the aircraft after prolonged grounding periods, coordinating extensive maintenance and repair operations across the fleet, and adhering to stringent regulatory compliance standards. Blueberry Aviation oversaw the entire repossession operation, which encompassed on-site physical and records inspections, fleet valuation, aircraft recovery, ferrying, storage in France, insurance management, and the remarketing and redelivery of the aircraft to new owners.
This accomplishment follows Blueberry Aviation’s earlier success in 2022, when it completed a comparable repossession and remarketing project involving 11 ATR72-600 aircraft recovered from Avianca following the airline’s Chapter 11 bankruptcy filing. In both instances, the company was entrusted by the ECAs to manage the full scope of the process, underscoring its expertise in handling distressed assets and supporting airlines through restructuring or insolvency.
Market Impact and Company Profile
The recovery has elicited positive responses from Garuda’s customers, who have noted improvements in fleet reliability and service quality. Meanwhile, competitors are reportedly enhancing their maintenance programs and closely examining Blueberry Aviation’s methodologies to sustain their competitive positions. The successful recovery and remarketing of these fleets further consolidate Blueberry Aviation’s reputation as a leader in commercial aircraft remarketing, sourcing, and asset management, particularly in complex and distressed scenarios.
Operating globally with offices in Monaco, New York, Singapore, and Mumbai, Blueberry Aviation is led by founder and CEO François Gautier. The company has completed over 190 commercial aircraft transactions and more than 565 helicopter deals to date. Its advisory team offers clients comprehensive support, including equipment selection, transaction execution, sourcing and sales of new and pre-owned aircraft, technical assistance, and portfolio management. Beyond its commercial aircraft activities, Blueberry Aviation is recognized as one of the largest helicopter traders in the secondary market.
The completion of the Garuda ATR72-600 recovery project highlights Blueberry Aviation’s capacity to manage intricate asset recoveries and reinforces its position as a trusted partner for export credit agencies and airlines worldwide.

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