Canadian Carrier Porter Airlines has secured a sale leaseback deal that includes four Embraer E195-E2 jets to be delivered later this year.
The transaction includes funds managed by the US Stock Corporate Fortress Investment Group and the leases of German target aircraft, the latter serving as “lessor managers” for incoming aircraft.
Debt funds are provided to both the fortress and targets by Ashland Place Finance to carry out transactions.
Porter has already entered into existing financial lease agreements with targets covering three de Havilland Canada Dash 8-400s used for regional flights in Eastern Canada and Northeast USA. The company is also collaborating with two E195-E2 sales lease bags.
Goal's Managing Director Christian Schloemann said the latest sales leaseback agreement “emphasizes the team's Trust Porter location and tailored lease solutions.”
“Porter Airlines is committed to supporting strategic vision and operational excellence across North America as it accelerates growth with its advanced Embraer E195-E2,” he says.
Porter has actively acquired the E195-E2, allowing for the expansion of his formerly regionally focused career into North America and the Caribbean. Currently, you operate this type of 46, with an additional 29 and 25 orders covered with purchase options.
Since introducing the E195-E2 into the fleet in 2023, Porter has become Twinjet's biggest global operator.
