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Porter Aviation Holdings Inc. Partners with Avolon for Pratt & Whitney Engines

Jan 13, 2025•over 1 year ago

Contract Type

partnership

TorontoTransportationTravelAir Transportation

Description

Porter Aviation Holdings Inc.'s subsidiary, Porter Aircraft Leasing Corp., has entered into sale and leaseback financing agreements for four Pratt & Whitney PW1921G engines with Avolon, the international aircraft leasing company. The engines are expected to be received in 2025 and 2026 as part of ongoing Embraer E195-E2 aircraft deliveries, supporting Porter's growth plans for the region.

Company Information

Company

Porter Airlines

Location

Toronto, Ontario, Canada

About

Porter Airlines is a Canadian airline headquartered at Billy Bishop Toronto City Airport in Toronto, Ontario. The airline currently serves over 30 destinations throughout North America with a growing fleet of 58 aircraft, including the Embraer E195-E2s and Dash 8-400s.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months