Porter Airlines (Porter) has signed sale and leaseback agreement with Avolon for 10 new Embraer E195-E2 aircraft, with a list price value of US$841 million. The new aircraft will support Porter’s expansion of routes within Canada and further into the North American market. The transaction represents Avolon’s fifth leasing customer in Canada and will increase Avolon’s portfolio exposure in North America. Four of the aircraft are scheduled for delivery in 2023, with the balance to be delivered in 2024. Porter introduced the E195-E2 to commercial service in February 2023 and plans to expand its fleet in coming years, with 50

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