Porter and Avolon sign sale-leaseback deal for four P&W engines

Porter Aircraft Leasing, a subsidiary of Canada’s Porter Aviation Holdings, has agreed to the sale-leaseback of four Pratt & Whitney engines with international lessor Avolon. Deliveries of the quartet of PW1900G geared turbofan (GTF) engines are expected to begin this year and continue in 2026, amid Porter Airlines’ rapid Embraer E195-E2 fleet expansion, the company said on 13 January. The deal builds off Porter and Avolon’s existing relationship, which has previously involved sale-leasebacks of E195-E2 aircraft. The parties do not disclose the agreement’s financial terms. Porter has taken deliveries of 43 E195-E2s to date, making it one of the largest global operators of the narrowbody type. It holds unfilled orders for 32 of the latest-generation E Jets and options for a further 25 units. The Toronto-based carrier has been undergoing an ambitious network expansion thanks to its new E195-E2s, now operating transcontinental flights to Western Canada and the USA. <br/>