LONDON – Florida-based leasing company Azorra has today announced that it has signed an agreement with Embraer to acquire 20 new E2 family aircraft.
This announcement also confirms a further 30 purchase rights have been made as part of this agreement.
The agreement allows Azorra to acquire E190-E2 or E195-E2 aircraft at list prices, in an order valued at $3.9 Billion USD.
John Evans, Azorra’s CEO said: “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,”
“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.”
Azorra specializes in Executive, Regional, and crossover (mid-size) aircraft and is expecting to begin taking deliveries for their order in 2023, with the 20 aircraft being added and worked alongside Azorras current portfolio of 21 Embraer aircraft.
The leasing company had placed an order for the Airbus A220 earlier this year on January 10th, which is perhaps an indication of the lack of popularity for the E2 aircraft in some U.S and European markets.
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 has further endorsed the exceptional value that the next-generation E2 family brings to the market as the quietest and fuel-efficient aircraft in the segment.”