Fort Lauderdale, Florida, USA – May 23, 2023
Azorra is pleased to announce that it has signed lease agreements for nine new E190-E2 aircraft with Scoot, the low cost subsidiary of the Singapore Airlines Group. The aircraft are scheduled to be delivered from 2024, based on Azorra’s firm orderbook with Embraer.
“We are thrilled to support Scoot and its exciting expansion plan to serve more short and medium haul flights across Southeast Asia”, said John Evans, Azorra’s CEO. “Scoot’s selection of the E2 is a resounding endorsement of Embraer’s E2 product line and the crossover segment. With the addition of E2s, Scoot becomes the first Singapore-based airline to operate crossover aircraft, demonstrating the emerging capacity rationalization trend amongst operators globally.”
Leslie Thng, CEO of Scoot, said, “The agreement to lease the new E190-E2 aircraft positions us to further develop our Singapore hub, capturing APAC’s strong travel demand and to offer our customers more travel options with a modern fuel-efficient fleet. As the first Singaporean carrier to operate E2s, we are excited to be working with our partners at Embraer and Azorra who are helping to support our network growth and fleet strategy.”
Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide. Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales and leasing. Our team is led by seasoned veterans having a shared history of success and is complimented with young professionals that bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of 77 aircraft on lease to 24 operators in 19 countries on 5 continents and has commitments to acquire additional aircraft including orders for new Airbus A220s and Embraer E2s. The company is headquartered in Fort Lauderdale, Florida with offices in Dublin, Ireland and Toulouse, France.
Scoot is the low-cost subsidiary of Singapore Airlines (SIA). Scoot took to the skies in June 2012 and merged with Tigerair Singapore in July 2017, retaining the Scoot brand for a new chapter of growth. To date, Scoot has carried over 71 million passengers, and has a fleet of over 50 aircraft, comprising widebody Boeing 787 Dreamliners and single-aisle Airbus A320 family aircraft. By 2024, Scoot plans to add the Embraer E190-E2 to its fleet. Scoot currently flies to 71 destinations across 15 countries and territories in Asia-Pacific, the Middle East and Europe, out of which 65 are available for booking as of May 2023.
Scoot is not your typical low-cost carrier (LCC), and is defined by its unique Scootitude – a daring attitude to be positive, uncompromising on safety and efficiency, spreading fun and humanity wherever it flies. Scoot was the world’s first LCC to attain the highest ratings at both the APEX Health Safety Audit powered by SimpliFlying and Skytrax COVID-19 Airline Safety Rating Audit, and attained IATA membership in 2022 for meeting global industry standards for safety in airline operations. As part of the SIA group, passengers on Scoot can earn and redeem KrisFlyer miles, enjoying more rewarding travel journeys and access to enhanced benefits.
May 22, 2023
Design by Jacquelyn Brink
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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 management team, with more than 25 years of experience on average, is led by industry veterans with a proven track record and a wealth of experience in aircraft leasing.