Azorra and Porter Airlines enter into Sale Leaseback Transactions for Five Embraer E2 Jets

Fort Lauderdale, Florida, USA – 15 November 2021

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Porter Airlines Sale Leaseback Transaction

Azorra is pleased to announce that it has entered into a sale leaseback transaction with Porter Airlines for five new E195-E2 aircraft with the first delivery scheduled for summer 2022.  The transaction includes financing of manufacturer pre-delivery payments together with long-term operating leases of Embraer’s largest E2 crossover jet.

“Porter and the E2 will be a powerful combination in North America, a seasoned airline operator tapping the E2’s excellent operating economics while being more environmentally friendly.  The airline has done an admirable job navigating through the pandemic and is well-positioned.  We look forward to supporting Porter’s fleet objectives as travel demand continues a strong recovery in the region.” said Michael Davis, Azorra’s Chief Marketing Officer.

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About Azorra

Azorra is a relationship-driven commercial aircraft lessor, providing lease, financing, and asset management solutions with a focus on regional, crossover and small narrowbody aircraft. Azorra’s team is led by industry veterans with a shared history of success and a wealth of experience in aircraft leasing. The company is headquartered in Fort Lauderdale, Florida and has an office in Dublin, Ireland.

For additional information, please visit us at www.azorra.com or on LinkedIn.

Azorra Aviation Holdings, LLC
350 SW 34th Street
Fort Lauderdale, FL 33315
marketing@azorra.com