Porter Airlines Secures More Embraer E195-E2 Planes for 2025
Porter Airlines has secured four more Embraer E195-E2 aircraft to be delivered in 2025 as the airline continues its tremendous growth.
Porter has boosted competition in Canada.
Porter Airlines has secured four more Embraer E195-E2 aircraft to be delivered in 2025 as the airline continues its tremendous growth.
The airline continues to expand its network across North America, with forty-six E195-E2s delivered to Porter so far, from a total of 75 confirmed orders and an additional 25 remaining purchase options.
“The E195-E2 plays a central role in our ability to deliver a leading customer experience for economy passengers, including the much-appreciated two-by-two configuration that eliminates middle seats,” said Julian Low, vice president, corporate development, Porter Airlines.
“The aircraft has proven to be incredibly efficient, outperforming key operational and financial targets since entering our fleet in 2023. We value our continuing relationship with GOAL, and welcome Fortress and Ashland Place as new partners.”
Porter Airlines is the world’s largest E195-E2 operator and most recently announced 13 new routes to 5 sun destinations originating from Toronto Pearson International Airport, Ottawa International Airport and John C. Munro Hamilton International Airport. Those routes include Cancun, Mexico (CUN), Puerto Vallarta, Mexico (PVR), Nassau, The Bahamas (NAS), Grand Cayman, Cayman Islands (GCM), and Liberia, Costa Rica (LIR).
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.
GOAL has existing finance lease agreements with Porter for three Dash 8-400 aircraft that are used throughout its regional network in Eastern Canada and the U.S. It has also previously completed the sale and leaseback of two E195-E2 aircraft.
“We are pleased to further expand our partnership with Porter Airlines through this additional transaction,” said Christian Schloemann, managing director of GOAL. “This continued collaboration underscores the trust Porter places in our team and our tailored leasing solutions. As Porter Airlines accelerates its growth with the advanced Embraer E195-E2, we remain committed to supporting their strategic vision and operational excellence across North America.”
