NEW YORK – September 19, 2022 – Seabury Securities, as advisor and placement agent for Porter Aviation Holdings Inc.’s (“Porter”) wholly-owned subsidiary, Porter Aircraft Leasing Corp., has successfully secured the 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.
“We are thrilled to be a part of Porter’s continued growth journey and to expand their partnerships within the aircraft leasing community, advising the airline’s team in the execution of a series of transactions for the next generation E195-E2 aircraft,” commented Stephen Danner, Executive Director, Seabury Aircraft Capital.