Porter Airlines has finalized sale and leaseback agreement for four Embraer E195-E2 aircraft
Source: Porter Airlines Porter Airlines has secured a sale and leaseback agreement for four Embraer E195-E2 aircraft to be delivered in 2025. The agreement was led by funds managed by affiliates of Fortress Investment Group (Fortress) and GOAL Aircraft Leasing. GOAL Aircraft Leasing is also serving as lessor manager for the aircraft. Ashland Place Finance is providing debt financing to Fortress and GOAL Aircraft Leasing for the transaction. Porter Airlines is the world’s largest E195-E2 operator, and continues to expand its network across North America with its growing fleet. Forty-six E195-E2s have been delivered to Porter from a total of 75 confirmed orders, with an additional 25 remaining purchase options. The airline’s award-winning elevated economy experience is globally recognized for [...]