Porter secures sale and leaseback for 12 Embraer E195-E2 aircraft

Porter Aviation Holdings Inc.'s (Porter) wholly-owned subsidiary, Porter Aircraft Leasing Corp., has entered into sale and leaseback and pre-delivery payment (PDP) financing agreements for 12 Embraer E195-E2 aircraft. TrueNoord, and certain funds managed by affiliates of Apollo (NYSE: APO) and serviced by Merx Aviation, are participating in separate transactions for six aircraft each. Porter has now secured lease agreements with five leasing companies for a total of 26 E195-E2s. These air…

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Source: webwire.com
Porter secures sale and leaseback for 12 Embraer E195-E2 aircraft