Blueberry Aviation Completes Recovery of Garuda Indonesia ATR72-600 Fleet

Blueberry Aviation has completed the recovery of Garuda Indonesia’s ATR72-600 fleet, marking the return of the tenth and final aircraft to Toulouse on July 5 as part of an asset recovery program conducted on behalf of the French and Italian Export Credit Agencies (ECAs).

The assignment involved overseeing the repossession and relocation of all ten turboprops, bringing to a close a multi-aircraft project that included ferrying the aircraft back to France for storage and subsequent remarketing.

The latest recovery follows Blueberry Aviation’s work in 2022, when the company managed the repossession and remarketing of 11 ATR72-600 aircraft following Avianca’s Chapter 11 restructuring proceedings.

Across both assignments, Blueberry Aviation was responsible for the complete asset recovery process, including aircraft and records inspections, fleet valuation, repossession, ferry flight coordination, storage arrangements, insurance management, remarketing activities and the eventual redelivery of the aircraft to new owners.

The successful completion of the Garuda project further strengthens the company’s experience in managing distressed aviation assets, particularly aircraft affected by airline restructurings, insolvency proceedings and prolonged groundings. The two ATR fleet recovery programs collectively highlight Blueberry Aviation’s capabilities in both aircraft remarketing and complex asset recovery projects on behalf of export credit agencies and aircraft financiers.