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

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.