Porter Aircraft Leasing Corp., a wholly-owned subsidiary of Porter Aviation Holdings Inc. (Porter), has agreed to sale and leaseback financing with Avolon for 10 Embraer E195-E2 aircraft. Avolon is a global leader in aircraft leasing.
These aircraft will begin deliveries later in 2023 and be operated by Porter Airlines as part of a previously-announced confirmed order for 50 E195-E2s and the option to purchase 50 additional aircraft. Eleven E195-E2s are flying with Porter today.
Porter is currently operating the E195-E2 on routes from coast-to-coast in Canada. With ongoing deliveries, a North American network is being developed to include destinations in the U.S., Mexico and Caribbean.