Fort Lauderdale, Florida, USA – June 20, 2023
Azorra has agreed to exercise its purchase rights to acquire an additional 15 Embraer E195-E2 aircraft. This adds to Azorra’s 20 aircraft firm orderbook, bringing Azorra’s total orderbook with Embraer to 35 aircraft. Furthermore, Azorra still maintains incremental purchase rights under its existing agreements with Embraer.
“This decision to exercise purchase rights is a testament to the rising popularity of the E2 program,” said Ron Baur, President of Azorra. “With the recent additions of Royal Jordanian, Scoot and SKS Airways to our E2 customer list, as well as the interest we’re seeing from the market, exercising purchase rights was a logical decision. We continue to see a bright future for the E2 family and thank Embraer for their continued partnership.”
Martyn Holmes, CCO, Embraer Commercial Aviation, said, “Azorra has made a big impact on our market in a short time. They are proving to be great partners for Embraer and our airline customers. As the global leader in regional aircraft, Embraer is pleased to see the momentum our market is enjoying; and thanks Azorra for their help in building on the opportunities we are seeing across the world.”
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 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, Seattle, and Toulouse.
June 20, 2023
Designed 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.