Porter Airlines Completes Sale and Leaseback Transaction for Four Embraer E195-E2s

Porter Airlines has secured a sale and leaseback transaction for four Embraer E195-E2 aircraft scheduled for delivery in 2025.  The agreement was led by affiliates of Fortress Investment Group and GOAL Aircraft Leasing.

Porter Airlines Embraer E195-E2 Rendering - Courtesy Porter Airlines

On Tuesday (July 15, 2025), Porter Airlines announced that they have finalized a sale and leaseback agreement for four Embraer E195-E2 aircraft scheduled for delivery this year. The agreement was led by funds managed by affiliates of Fortress Investment Group (Fortress) and GOAL Aircraft Leasing, with Goal also serving as lessor manager for the aircraft. Ashland Place Finance is providing debt financing to Fortress and GOAL Aircraft Leasing for the transaction.

In Tuesday’s announcement, Porter Airlines’ Vice President – Corporate Development, Julian Low, said,

“The E195-E2 plays a central role in our ability to deliver a leading customer experience for economy passengers, including the much-appreciated two-by-two configuration that eliminates middle seats.  The aircraft has proven to be incredibly efficient, outperforming key operational and financial targets since entering our fleet in 2023.  We value our continuing relationship with GOAL, and welcome Fortress and Ashland Place as new partners.”

Also commenting on the transaction, GOAL’s Managing Director, Christian Schloemann, said,

“We are pleased to further expand our partnership with Porter Airlines through this additional transaction.  This continued collaboration underscores the trust Porter places in our team and our tailored leasing solutions.  As Porter Airlines accelerates its growth with the advanced Embraer E195-E2, we remain committed to supporting their strategic vision and operational excellence across North America.”

Fortress’ Managing Director, Matthew Mortara, added,

“Fortress is pleased to work with Porter Airlines, GOAL and Ashland Place Finance on this sale-leaseback transaction.  Porter’s brand, elevated all-economy service and ongoing network growth – especially to underserved markets – are helping the company secure an increased share of airline travel across Canada and the broader North America region.  We’re delighted to support the company’s acceleration of that growth in a capital-efficient way through this transaction.”

Porter has existing finance lease agreements with GOAL for three De Havilland Canada Dash 8-400 aircraft that are used throughout their regional network in Eastern Canada and the U.S.  The carrier has also previously completed the sale and leaseback of two E195-E2 aircraft.  Porter Airlines is the world’s largest E195-E2 operator, 46 of which have been delivered from a total of 75 confirmed orders, with an additional 25 remaining purchase options.

Source: Porter Airlines