SÃO JOSÉ DOS CAMPOS, Brazil,
Jan. 24, 2022 /PRNewswire/
-- Azorra has signed an agreement with Embraer (B3: EMBR3,
NYSE: ERJ) to acquire 20 new E2 family aircraft, plus a
further 30 purchase rights. This flexible deal enables Azorra to
acquire E190-E2 or E195-E2 aircraft. At list prices, the order is
valued at USD 3.9
billion. Azorra is a Florida-based aircraft leasing company
specialising in executive, regional and crossover aircraft.
Deliveries will begin in 2023, adding a further 20 Embraer aircraft
to the 21 already in Azorra's existing and committed portfolio.
"Our team has a long and productive history with Embraer. At
Jetscape, we were the first independent lessor to commit to
Embraer's E-Jet program in December
2007, which saw E-Jets establish a global customer base of
more than 80 operators. Azorra's first new aircraft was a Phenom
300 acquired from Embraer in December
2016. We are excited about this new chapter in our
longstanding partnership with Embraer," said John Evans, Azorra's CEO. "This commitment
underscores our belief in the E2; a modern aircraft family with
superior economics and environmental performance, providing Azorra
with a compelling opportunity to build a position of leadership in
the markets we serve."
Arjan Meijer, CEO of Embraer
Commercial Aviation, said, "We thank Azorra again for their
selection of the E2, after recently completing a sale leaseback
transaction with Porter Airlines for five new E195-E2 aircraft.
Azorra offers an exciting and innovative approach to the market,
with a fierce focus on customer needs that align solidly with
Embraer's deserved reputation for outstanding customer care. With
this order for 20 E2 aircraft, Azorra have further endorsed the
exceptional value that the next-generation E2 family brings to the
market as the most quiet and fuel-efficient aircraft in the
segment."
Follow us on Twitter: @Embraer
About Embraer
Embraer is a global
aerospace company headquartered in Brazil. It manufactures aircraft for
Commercial and Executive aviation, Defense & Security, and
Agricultural customers. The company also provides after-sales
services & support through a worldwide network of wholly-owned
entities and authorized agents.
Since it was founded in 1969, Embraer has delivered more than
8,000 aircraft. On average, about every 10 seconds an aircraft
manufactured by Embraer takes off somewhere in the world,
transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150
seats and is the main exporter of high value-added goods in
Brazil. The company maintains
industrial units, offices, service and parts distribution centers
across the Americas, Africa,
Asia, and Europe.
About Azorra
Azorra is a relationship-driven aircraft
lessor providing lease, financing, and asset management solutions
with a focus on executive, regional, crossover and small narrowbody
aircraft. Azorra's team is led by industry veterans with a
shared history of success and has the financial backing of funds
managed by Oaktree Capital Management L.P. The company is
headquartered in Fort Lauderdale,
Florida and has an office in Dublin, Ireland. For additional information,
please visit www.azorra.com or LinkedIn.
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SOURCE Embraer S.A.