Far Eastern Air Transport has signed a Letter of Intent (LOI) with Nordic Aviation Capital (NAC) for the lease of four ATR72-600 aircraft, Taiwan's China Post reported on Tuesday.

The four ATR 72-600s are scheduled for delivery in 2017, renewing its fleet to provide better services and boost its competiveness.

Far Eastern Air Transport currently operates an all-McDonnell Douglas fleet with five MD-82s and three MD-83s on flights to sixteen destinations throughout Taiwan as well as mainland China, Macau, and Japan.