TORONTO - Porter Aircraft Leasing Corp., a wholly-owned subsidiary of Porter Aviation Holdings Inc., has entered into agreements for sale and leaseback financing of up to 19 Embraer E195-E2 aircraft. Three aircraft lessors are participating independently in the transaction, including five aircraft with Azorra Aviation Holdings; five aircraft with Falko Regional Aircraft; and four aircraft with Elevate Capital Partners.
Porter also has options for an additional five Embraer E195-E2 aircraft with Azorra.
The 19 aircraft will be delivered as new to Porter in 2022 and 2023, as part of a previously-announced confirmed order for 30 E195-E2s, plus 50 purchase rights.
"Finalizing leasing agreements with three high-quality partners in Azorra, Falko and Elevate demonstrates confidence in Porter's plan to grow its network throughout North America using the exceptional E2 aircraft," said Jeffrey Brown, executive vice president and CFO, Porter. "We are establishing foundational relationships with these experienced lessors and look forward to working together over the long term."
