Embraer has revealed that Azorra was the company that placed an undisclosed order for 15 of the next-generation E195-E2s earlier this year.
During Day 2 of the 2023 Paris Airshow, the aircraft manufacturer hosted a conference that announced future forecasts and made announcements regarding new deals.
Azorra is a leading aircraft lessor that has experienced significant growth in recent years and has closely worked with Embraer.
At list price value, such a deal is valued at USD 1.2 billion and was added to the backlog of Embraer aircraft in the fourth quarter of 2022.
Based on our success in placing the E2, we are pleased to increase our firm commitment with Embraer from 20 to 35 aircraft. 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.Ron Baur, President of Azorra.
Undisclosed orders are standard within the industry, and their destination is only revealed later. It remains unclear where these E195-E2s will head for this specific commitment, but no doubt a decision will come later.
Azorra has already, in recent history, helped facilitate multiple deals with the likes of Scoot and Royal Jordanian, to name a few, who will all welcome Embraer jets in the future for their respective networks.