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News - Commercial Aviation
Azorra Revealed as the Undisclosed Customer in Order for 15 Embraer E195-E2
June 20, 2023
Order announced with customer undisclosed - January 2023
Le Bourget, Paris, 20 June, 2023 – Embraer has revealed the order announced in January 2023, with an undisclosed customer, for 15 E195-E2 – was placed by Azorra, a growing force in the leasing industry. Embraer is pleased to confirm Azorra’s order, which is valued at US$1.2 billion at list price and was added to the Q4 2022 backlog.
In the run up to the Paris Air Show, E2 momentum has continued with Embraer and Azorra announcing a number of key aircraft deals – six E2 for Royal Jordanian, nine E190-E2 for Scoot, and ten E195-E2 for SKS Airways.
“Azorra has made a big impact on our market in a short time. They are proving to be great partners for Embraer and our airline customers. As the global leader in regional aircraft, Embraer is pleased to see the momentum our market is enjoying; and thanks Azorra for their help in building on the opportunities we are seeing across the world,” said Martyn Holmes, CCO, Embraer Commercial Aviation.
“Based on our success in placing the E2, we are pleased to increase our firm commitment with Embraer from 20 to 35 aircraft,” said Ron Baur, President of Azorra. “Azorra has a long-standing partnership with Embraer and owns and manages a portfolio (including our orderbook) of more than 100 Embraer E1, E2, and Phenom aircraft, making Azorra one of the largest lessors of Embraer aircraft. We believe the operating economics of the E2, combined with its environmentally friendly and quiet engines, make the E2 an ideal aircraft for our airline customers.”
About Embraer
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.
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 the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.
About Azorra
Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide. Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales and leasing. Our team is led by seasoned veterans having a shared history of success and is complimented with young professionals that bring fresh perspective, ideas and enthusiasm. Azorra owns and manages a fleet of 77 aircraft on lease to 24 operators in 19 countries on 5 continents and has commitments to acquire additional aircraft including orders for new Airbus A220s and Embraer E2s. The company is headquartered in Fort Lauderdale, Florida with offices in Dublin, Seattle, and Toulouse. For additional information, please visit us at www.azorra.com or on LinkedIn.
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