Porter secures financing for up to 19 additional Embraer E195-E2 aircraft. Porter Aviation Holdings has secured financing from Brazil’s BNDES to support the acquisition of up to 19 Embraer E195-E2 jets, reinforcing the Canadian airline’s long-term fleet expansion strategy. Porter Aviation Holdings Inc. (PAHI), the parent company of Porter Airlines, has secured financing from the Brazilian Development Bank (BNDES) for the acquisition of up to 19 Embraer E195-E2 aircraft.
The financing package, backed by the Export Credit Insurance of Brazil’s Export Guarantee Fund (FGE) and managed by the Brazilian Agency for Guarantee Funds and Guarantees (ABGF), will support aircraft deliveries scheduled through December 2030.
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The new financing covers part of Porter’s firm order for 75 Embraer E195-E2 aircraft, of which 54 have already been delivered since the first aircraft entered the fleet in 2023. The E195-E2 has played a central role in the airline’s expansion strategy across North America, enabling Porter to grow its route network throughout Canada, the United States, the Caribbean, and Latin America. In addition to increasing operational efficiency, the aircraft offers lower fuel consumption and reduced emissions compared with previous-generation models.
Rob Palmer, Executive Vice President and Chief Financial Officer of Porter Airlines, said the agreement represents a significant step toward securing financing for most of the remaining aircraft included in the original order. He noted that the funding will support the airline’s continued growth while maintaining financial flexibility as deliveries continue over the coming years.
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BNDES President Aloizio Mercadante stated that the transaction strengthens exports from Brazil’s aerospace industry while supporting the introduction of more efficient and environmentally sustainable aircraft. Embraer also welcomed the agreement, highlighting Porter’s rapid growth as one of the world’s largest operators of the E195-E2 and emphasizing that the financing will further reinforce the Brazilian manufacturer’s presence in the North American market.
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