Azorra, the commercial aircraft lessor providing lease, financing and asset management solutions with a focus on regional, crossover and small narrowbody aircraft, has completed the acquisition of a 37-aircraft portfolio formerly owned by Nordic Aviation Capital (NAC). The portfolio is comprised of 29 Embraer E-Jets and seven ATR and Q400 turboprops leased to 13 different airlines worldwide. The aircraft are financed by a lender group led by BNP Paribas.
“We are thrilled to add these aircraft to Azorra’s growing portfolio, while expanding and diversifying our customer base,” said John Evans, CEO of Azorra. “These aircraft are ideally suited for today’s market dynamics and are leased to well-known airlines around the world. Azorra’s management team has a long and successful history with BNP Paribas and originated a majority of these leases prior to the sale of Jetscape to NAC. We were pleased to work with BNP Paribas and its lender group on this transaction.”
Azorra currently owns and manages 60 aircraft on lease to 18 airlines in 15 countries and has commitments to purchase 49 aircraft and spare engines including 42 new Airbus A220/ACJ220 and Embraer E2 aircraft. The company is headquartered in Fort Lauderdale, Florida and has an office in Dublin, Ireland.