NEW YORK – November 12, 2021 – Seabury Securities, as advisor and placement agent for Porter Aircraft Leasing Corp., a wholly-owned subsidiary of Porter Aviation Holdings Inc., has successfully placed the sale and leaseback financing of up to 19 of Porter’s next generation Embraer E195-E2 aircraft.
Three aircraft lessors are participating independently in the transaction for the first 14 aircraft. Porter also has options for an additional five Embraer E195-E2 aircraft. The 19 aircraft will be delivered as new to Porter in 2022 and 2023, as part of a previously-announced confirmed order for 30 E195-E2s, plus 50 purchase rights.
“Our partnership with the Porter team was established well over a decade ago with the introduction of the Dash 8-400 into its fleet operating out of the Billy Bishop Airport in Toronto,” commented Stephen Danner, Executive Director, Seabury Aircraft Capital. “We are now very excited to be a part of Porter’s next phase of growth with the introduction of the next generation E195 E2 aircraft into its fleet.”