Azorra to Acquire Another 11 Aircraft Formerly Owned by NAC

Azorra announced today that it had signed purchase agreements for the acquisition of 11 Embraer E-Jet aircraft leased to four airlines. All 11 aircraft were formerly owned by Nordic Aviation Capital and are in addition to the recently completed purchase of a 37 aircraft portfolio.

“This acquisition further diversifies our growing portfolio and is weighted towards E195s, where we see healthy near-term demand and longer-term potential for freighter conversions” said John Evans, Azorra’s CEO. It also expands existing, valued relationships with airlines that Azorra’s team has worked with for many years.”

Upon closing, Azorra will own and manage 71 aircraft on lease to 19 airlines in 15 countries. Azorra also has commitments to purchase 49 additional aircraft and spare engines including 42 new Airbus A220/ACJ220 and Embraer E2 aircraft.