Falko adds five E195-E2 aircraft to its portfolio
Falko adds five (5) next-generation E195-E2 aircraft to its portfolio in a sale and leaseback transaction with Porter
London, 12th November 2021 – Falko Regional Aircraft Limited (Falko), a market-leading aircraft operating leasing and asset management company focused on the regional aircraft sector, today announced that it will add five (5) Embraer E195-E2 aircraft to its portfolio. The aircraft will be acquired in a sale and leaseback transaction with Porter Aircraft Leasing Corp., a wholly-owned subsidiary of Porter Aviation Holdings Inc., (Porter) and delivered in 2022. Falko is also providing pre-delivery finance to Porter.
“We are delighted to have concluded this transaction and look forward to building a long partnership with Porter as they expand their business with new technology aircraft,” said Mark Hughes, Chief Commercial Officer, Falko Regional Aircraft Limited. “This deal marks our first investment into next-generation aircraft and a further expansion of our business in North America, the world’s most significant market for regional and small narrowbody aircraft.”
About Falko
Falko is a specialist aircraft operating leasing, asset management and aircraft services company focused on regional and small narrowbody aircraft. It is currently one of the world’s largest managers of regional jets and turboprops by aircraft numbers. Headquartered in the UK and with offices in Singapore and Dublin, Falko is well-positioned to deliver a range of solutions across the globe.
About Porter Aviation Holdings Inc.
Porter, through its wholly-owned subsidiary, Porter Airlines Inc., operates a Canadian-based airline that commenced operations in 2006 from Billy Bishop Toronto City Airport, located in downtown Toronto. Porter is Canada’s third-largest scheduled passenger airline, currently utilizing a fleet of 29 De Havilland Dash 8-400 aircraft to offer passenger operations to more than 20 destinations in Canada and the United States. Porter plans to grow by deploying an initial fleet of 30 fuel-efficient, next-generation Embraer E195-E2 aircraft to the top North American O&D markets from eastern Canada.
Advisors
Allen & Overy LLP (London) acted as lead counsel to Falko, and Parr Brown Gee & Loveless acted as lead counsel to Porter. Seabury Securities LLC acted as advisor and placement agent to Porter.