Porter Airlines has finalized a sale and leaseback agreement for four Embraer E195-E2 aircraft, set for delivery in 2025, further solidifying its position as the world’s largest operator of this model. The deal was led by funds managed by affiliates of Fortress Investment Group and GOAL Aircraft Leasing, with the latter also serving as lease manager. Additionally, Ashland Place Finance will provide debt financing for the transaction.
A Growing Fleet Leading with Efficiency
With 46 E195-E2 aircraft already delivered and a total of 75 confirmed orders, Porter continues its aggressive expansion across North America. The airline also holds 25 additional purchase options, underscoring its commitment to this narrow-body model, renowned for its performance and operational efficiency.
Julian Low, Vice President of Corporate Development at Porter Airlines, emphasized: “The E195-E2 plays a pivotal role in our ability to deliver a best-in-class economy experience, including the beloved two-by-two seating configuration that eliminates middle seats. Since joining our fleet in 2023, the aircraft has exceeded key operational and financial targets.”
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An Onboard Experience That Stands Out
The airline has earned global recognition for its elevated economy-class value proposition: beer and wine served in glassware, premium snacks, and free high-speed WiFi for all passengers—features that have redefined air travel without the need to upgrade to premium classes.
Strong Financial Backing and Strategic Partners
GOAL Aircraft Leasing already had financial leasing agreements with Porter for three Dash 8-400 aircraft operating on regional routes in Eastern Canada and the U.S., and previously managed the sale and leaseback of two E195-E2s.
Christian Schloemann, Managing Director of GOAL, stated: “This ongoing collaboration highlights the trust Porter places in our team and our tailored leasing solutions. We remain committed to supporting their strategic vision and operational excellence in the region.”
The agreement strengthens Porter Airlines’ financial structure and reinforces its ambitious regional expansion plan. Combining a modern fleet, a differentiated service offering, and strategic alliances positions the airline as one of the most dynamic and competitive players in today’s North American aviation market.
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