Porter secures sale and leaseback for 12 Embraer E195-E2 aircraft

Porter Aviation Holdings Inc.’s (Porter) wholly-owned subsidiary, Porter Aircraft Leasing Corp., has entered into sale and leaseback and pre-delivery payment (PDP) financing agreements for 12 Embraer E195-E2 aircraft. TrueNoord, and certain funds managed by affiliates of Apollo and serviced by Merx Aviation, are participating in separate transactions for six aircraft each.

Porter has now secured lease agreements with five leasing companies for a total of 26 E195-E2s. These aircraft are part of Porter’s original order for 30 E195-E2s. Aircraft deliveries are scheduled to begin in 2022.

Porter Airlines is the North American launch customer for the E2. The aircraft will operate from Ottawa, Montreal, Halifax and Toronto Pearson International Airport, to destinations across the continent.

Porter Airlines aircraft photo gallery: