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Porter Airlines Converts 25 Embraer E195-E2 Options into Firm Order

Porter Airlines has exercised purchase rights for 25 Embraer E195-E2 jets, converting the options into a firm order. This is in addition to the carrier’s existing firm order for 50 Embraer E195-E2s.

Porter Airlines Embraer E195-E2 - Courtesy Embraer

On Wednesday (November 29, 2023) Embraer announced that Porter Airlines has converted options for 25 E195-E2 jets into a firm order, adding to their existing orderbook for 50 of the aircraft type. The deal is valued at $2.1 billion at list price and will be added to Embraer’s fourth quarter 2023 backlog. In total, Porter now has a firm order for 75 Embraer E195-E2s, with 25 purchase rights remaining. The North American launch customer for the aircraft type, Porter Airlines has already taken delivery of 24 of the state-of-the-art jets. The airline’s E195-E2s are configured with 132 Economy Class seats, with a variety of seat pitches on offer, including 36, 34, and 30 inches.

In Wednesday’s announcement, Porter Airlines’ President and CEO, Michael Deluce, said,

“At Porter, we entered a new era when we began operating the E195-E2 earlier this year. The jet is exceeding our expectations, especially in terms of fuel burn, and delivering an incredible level of customer satisfaction to our passengers with a quiet, comfortable ride. These additional 25 orders enable us to continue extending our reach throughout North America, with more exciting new destinations.”

Also commenting on Porter’s new firm order, Embraer Commercial Aviation’s President and CEO, Arjan Meijer, added,

“Porter Airlines is an exciting disrupter delivering an elevated passenger experience that’s shaking up the North American market. Choosing the E2 to deliver an upgraded service is a huge endorsement of the jet’s comfort and capabilities, and a further endorsement of the E2 – the world’s quietest and most fuel-efficient single-aisle aircraft.”

Porter Airlines is an Official 4 Star Airline® in the World Airline Star Rating® and is committed to providing a warm and effortless approach to hospitality, restoring glamour and refinement to air travel. The carrier offers an extensive domestic Canadian and U.S. transborder U.S. network. Porter Airlines currently operates a fleet of De Havilland Aircraft of Canada (DHC) Dash 8-400s and new Embraer E195-E2 jets.

Headquartered in Brazil, Embraer is a global aerospace company and one of the leading manufacturers of aircraft with 70-150 seats, with more than 100 customers worldwide. The company maintains industrial units, offices and service/parts distribution centers across the Americas, Africa, Asia and Europe. Embraer also has businesses in Executive Aviation, Defense & Security, and Agricultural Aviation. Since the company’s founding in 1969, Embraer has delivered over 8,000 aircraft. Today, an Embraer aircraft takes off on average every ten seconds, carrying over 145 million passengers annually.

Source(s): Embraer, Porter Airlines


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