Avolon, a renowned global aircraft leasing business, and Porter Airlines have agreed to the sale and leaseback of ten brand-new Embraer E195-E2 aircraft, each with a list price of $841.2 million. Porter will be able to expand its routes both within Canada and deeper into the North American market with the help of the new aircraft. The agreement also marks the addition of the first of Embraer’s cutting-edge new E2 aircraft to Avolon’s fleet.
In addition, Embraer has received a solid order from American Airlines for seven brand-new E175 aircraft. Envoy Air, a wholly owned subsidiary of American, will fly the plane. Envoy’s fleet of E-Jets will increase to about 141 aircraft by the end of 2024 once deliveries start in Q4 2023. The deal, with a list price of US$403.4 million, will be a part of Embraer’s backlog for the second quarter of 2023.
Binter, the Canary Islands’ award-winning airline, has placed a firm order for six Embraer E195-E2 aircraft. The E195-E2 is the quietest, cleanest, and most efficient single-aisle aircraft available, and when delivered, this order will extend Binter’s E2 fleet to 16 jets. Binter arranges the planes in an attractive single-class configuration with 132 seats. The sale is valued at US$504.7 at list price, with deliveries beginning in the second half of 2024. Once all contractual contingencies have been met, this order will be added to Embraer’s backlog.
Embraer has stated that Azorra, a rising power in the leasing market, placed the contract for 15 E195-E2 aircraft that was announced in January 2023 with a new customer. Embraer is happy to confirm Azorra’s order, which was added to the backlog for Q4 2022 and is valued at US$1.2 billion at the list price.
Embraer and Azorra announced several significant aircraft deals in the lead-up to the Paris Air Show, including six E2 for Royal Jordanian, nine E190-E2 for Scoot, and ten E195-E2 for SKS Airways.