Fitch Ratings Revises Azorra’s Rating Outlook to Positive

Fort Lauderdale, Florida, USA

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Azorra Aviation Holdings, LLC (“Azorra”) today announced that Azorra’s corporate rating outlook has been revised by Fitch Ratings which affirms the Long-Term Issuer Default Rating (IDR) at ‘BB-’ while revising the outlook from stable to positive.

“We’re pleased to announce the revision of our corporate Rating Outlook from Fitch Ratings, just eight months after our inaugural rating. This achievement highlights the strength of Azorra, its strategy, and the progress we’ve made in scaling our platform,” said Claudia Ziemer, Senior Vice President of Finance at Azorra.

The Positive Outlook follows Azorra’s announcement of the execution of definitive purchase agreements to acquire portfolios comprising 49 Embraer E-Jet aircraft and two General Electric CF-34 engines from Dubai Aerospace Enterprise (DAE). Fitch Ratings noted it “anticipates Azorra will realize tangible financial benefits from the expanded portfolio, further reinforcing Azorra’s position as a leading lessor in the regional and small narrowbody market.”

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ABOUT AZORRA

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, trading and leasing.  

Our team is led by seasoned veterans having a shared history of success and is complemented with young professionals who bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of more than 125 aircraft. Including commitments and orders for new Airbus A220-100/300 aircraft and Embraer E190/195-E2 aircraft, Azorra’s total fleet exceeds 225 assets. The company is headquartered in Fort Lauderdale, Florida, and has an office in Dublin, Ireland.     

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FORWARD LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of applicable securities laws. These statements are based on current expectations, estimates, and projections about our industry, management’s beliefs, and certain assumptions made by the company. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to various factors. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.