Latest news with #DeHavillandDash8-400
Business Wire
15-07-2025
- Business
- Business Wire
Porter Airlines Finalizes Sale and Leaseback Agreement for Four Embraer E195-E2 Aircraft
MUNICH & TORONTO--(BUSINESS WIRE)--Porter Airlines has secured a sale and leaseback agreement for four Embraer E195-E2 aircraft to be delivered in 2025. The agreement was led by funds managed by affiliates of Fortress Investment Group (Fortress) and GOAL Aircraft Leasing. GOAL Aircraft Leasing is also serving as lessor manager for the aircraft. Ashland Place Finance is providing debt financing to Fortress and GOAL Aircraft Leasing for the transaction. Porter Airlines is the world's largest E195-E2 operator, and continues to expand its network across North America with its growing fleet. Forty-six E195-E2s have been delivered to Porter from a total of 75 confirmed orders, with an additional 25 remaining purchase options. The airline's award-winning elevated economy experience is globally recognized for features such as complimentary beer and wine served in glassware, premium snacks, and free, fast WiFi to every passenger. '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,' said Julian Low, vice president, corporate development, Porter Airlines. '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.' GOAL has existing finance lease agreements with Porter for three Dash 8-400 aircraft that are used throughout its regional network in Eastern Canada and the U.S. It has also previously completed the sale and leaseback of two E195-E2 aircraft. 'We are pleased to further expand our partnership with Porter Airlines through this additional transaction,' said Christian Schloemann, managing director of GOAL. '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 is pleased to work with Porter Airlines, GOAL and Ashland Place Finance on this sale-leaseback transaction,' said Matthew Mortara, managing director at Fortress. '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.' About Porter Since 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter's fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit or follow @porterairlines on Instagram, Facebook and Twitter. About GOAL Aircraft Leasing GOAL (German Operating Aircraft Leasing), a joint venture between KGAL and Deutsche Lufthansa AG, is Germany's leading aircraft asset manager and ranked among the Top 15 globally by ISHKA. Founded in 1998, GOAL combines decades of industry expertise with over USD 4.5 billion in transactions, providing customized leasing solutions to airlines and risk-managed investment services to institutional investors worldwide. GOAL manages a portfolio of more than 60 modern aircraft valued at around USD 2.8 billion and has a strong track record in structuring complex deals across sale & leasebacks, PDP financing, remarketing, and long-term asset management. Leveraging Lufthansa's operational expertise and KGAL's financial strength, GOAL applies a disciplined investment approach across market cycles. More at About Fortress Investment Group Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $51 billion of assets under management as of March 31, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, please visit
Yahoo
15-07-2025
- Business
- Yahoo
Porter Airlines Finalizes Sale and Leaseback Agreement for Four Embraer E195-E2 Aircraft
MUNICH & TORONTO, July 15, 2025--(BUSINESS WIRE)--Porter Airlines has secured a sale and leaseback agreement for four Embraer E195-E2 aircraft to be delivered in 2025. The agreement was led by funds managed by affiliates of Fortress Investment Group (Fortress) and GOAL Aircraft Leasing. GOAL Aircraft Leasing is also serving as lessor manager for the aircraft. Ashland Place Finance is providing debt financing to Fortress and GOAL Aircraft Leasing for the transaction. Porter Airlines is the world's largest E195-E2 operator, and continues to expand its network across North America with its growing fleet. Forty-six E195-E2s have been delivered to Porter from a total of 75 confirmed orders, with an additional 25 remaining purchase options. The airline's award-winning elevated economy experience is globally recognized for features such as complimentary beer and wine served in glassware, premium snacks, and free, fast WiFi to every passenger. "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," said Julian Low, vice president, corporate development, Porter Airlines. "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." GOAL has existing finance lease agreements with Porter for three Dash 8-400 aircraft that are used throughout its regional network in Eastern Canada and the U.S. It has also previously completed the sale and leaseback of two E195-E2 aircraft. "We are pleased to further expand our partnership with Porter Airlines through this additional transaction," said Christian Schloemann, managing director of GOAL. "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 is pleased to work with Porter Airlines, GOAL and Ashland Place Finance on this sale-leaseback transaction," said Matthew Mortara, managing director at Fortress. "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." About Porter Since 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter's fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit or follow @porterairlines on Instagram, Facebook and Twitter. About GOAL Aircraft Leasing GOAL (German Operating Aircraft Leasing), a joint venture between KGAL and Deutsche Lufthansa AG, is Germany's leading aircraft asset manager and ranked among the Top 15 globally by ISHKA. Founded in 1998, GOAL combines decades of industry expertise with over USD 4.5 billion in transactions, providing customized leasing solutions to airlines and risk-managed investment services to institutional investors worldwide. GOAL manages a portfolio of more than 60 modern aircraft valued at around USD 2.8 billion and has a strong track record in structuring complex deals across sale & leasebacks, PDP financing, remarketing, and long-term asset management. Leveraging Lufthansa's operational expertise and KGAL's financial strength, GOAL applies a disciplined investment approach across market cycles. More at About Fortress Investment Group Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $51 billion of assets under management as of March 31, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, please visit About Ashland Place Finance LLC Ashland Place Finance LLC is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry. Ashland Place is a wholly-owned subsidiary of Davidson Kempner Capital Management LP. Additional information can be found at: View source version on Contacts Media contacts:Porter - media@ GOAL Aircraft Leasing - Prosek Partners, pro-davidsonkempner@
Yahoo
15-07-2025
- Business
- Yahoo
Ashland Place Completes Transaction with Fortress Investment Group and GOAL Aircraft Leasing
NEW YORK, July 15, 2025 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced the completion of two new facilities for funds managed by affiliates of Fortress Investment Group ("Fortress") and GOAL Aircraft Leasing ("GOAL"). Ashland Place financed Fortress and GOAL's sale/leaseback of two brand new Embraer E195-E2s upon delivery from Embraer and on lease to Canadian carrier Porter Airlines. Two additional aircraft under this facility are expected for completion during 2025. "We are excited to welcome Fortress and GOAL as new partners," said Jennifer Villa, Ashland Place's Executive Director and Group Head. "This transaction reflects our commitment to building long-term partnerships with leading aviation investors and we look forward to working together on future opportunities. From award to funding, we closed in record time, a testament to both teams." "Fortress is pleased to work with Porter Airlines, GOAL and Ashland Place Finance on this sale-leaseback transaction," said Matthew Mortara, Managing Director at Fortress. "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." Henrik Jagau, Head of Transaction Management & Strategic Finance at GOAL, said: "Ashland Place's collaborative approach and strong execution capabilities make them a valuable financing partner. We look forward to building on this relationship as we continue to grow our aviation portfolio." "We welcome Ashland Place to the growing ecosystem of lenders supporting the delivery financing of our E2 Family, the most fuel-efficient aircraft family in its segment. We sincerely appreciate Ashland Place's speed, agility & ability to execute in a highly volatile environment," said Felipe Santana, Global Treasurer at Embraer. Vinson & Elkins served as legal counsel for Ashland Place and Vedder Price represented GOAL on this transaction. About Ashland Place Finance LLC Ashland Place Finance LLC is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry. Ashland Place is a wholly-owned subsidiary of Davidson Kempner Capital Management LP. Additional information can be found at: About PorterSince 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter's fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit or follow @porterairlines on Instagram, Facebook and Twitter. About Fortress Investment GroupFortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $51 billion of assets under management as of March 31, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, please visit About GOAL Aircraft LeasingGOAL (German Operating Aircraft Leasing), a joint venture between KGAL and Deutsche Lufthansa AG, is Germany's leading aircraft asset manager and ranked among the Top 15 globally by ISHKA. Founded in 1998, GOAL combines decades of industry expertise with over USD 4.5 billion in transactions, providing customized leasing solutions to airlines and risk-managed investment services to institutional investors worldwide. GOAL manages a portfolio of more than 60 modern aircraft valued at around USD 2.8 billion and has a strong track record in structuring complex deals across sale & leasebacks, PDP financing, remarketing, and long-term asset management. Leveraging Lufthansa's operational expertise and KGAL's financial strength, GOAL applies a disciplined investment approach across market cycles. More at Media Contact: Prosek Partnerspro-davidsonkempner@ Porter Airlinesmedia@ Fortress Investment Groupmedia@ View original content: SOURCE Ashland Place Sign in to access your portfolio
Business Wire
25-06-2025
- Business
- Business Wire
Porter Airlines Brings Embraer E195-E2 to Moncton With Summer Service From Toronto Pearson
TORONTO--(BUSINESS WIRE)--Porter Airlines is launching a new summer seasonal route between Toronto Pearson International Airport (YYZ) and Greater Moncton Roméo LeBlanc International Airport (YQM), with flights beginning today through September. The service operates three times weekly, using Porter's Embraer E195-E2 aircraft. This marks the first time the state-of-the-art aircraft is operating in Moncton, bringing passengers the comfort of no middle seats, complimentary beer and wine served in glassware, and free, fast WiFi for everyone. The flight schedule is as follows: This new route complements Porter's existing service from Billy Bishop Toronto City Airport and Ottawa to Moncton, further enhancing travel options between Eastern Canada and the airline's expanding network. 'We continue to see strong demand for domestic travel during the summer season, and this new route between Toronto Pearson and Moncton reflects Porter's commitment to taking travellers where they want to go,' said Andrew Pierce, vice president, network planning and reporting, Porter Airlines. 'Whether visiting friends and family or exploring these cities, passengers can count on our elevated economy experience and convenient flight options to make their journey more enjoyable.' For added comfort, travellers can book PorterReserve fares for all-inclusive perks such as two checked bags, extra legroom, and priority services. Alternatively, PorterClassic offers the flexibility to customize the journey with à la carte options. "As we head into a busy summer at YQM, we're thrilled to offer even more travel options with our partner, Porter Airlines, through this new connection to Toronto Pearson. The service is operated with Porter's Embraer E195-E2 aircraft, marking its first appearance in Moncton, and opens up greater access across Canada and to international destinations," said Courtney Burns, President and CEO of the Greater Moncton International Airport Authority. Flights are available for booking at or through travel agents. About Porter Since 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter's fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit or follow @porterairlines on Instagram, Facebook and Twitter.
Yahoo
30-05-2025
- Business
- Yahoo
Porter Airlines Inaugurates Nonstop Montréal-Newark Service
New route is the airline's fourth nonstop service to New York area TORONTO, May 30, 2025--(BUSINESS WIRE)--Porter Airlines is expanding its New York network with the inauguration of non-stop service between Montréal Trudeau International Airport (YUL) and Newark Liberty International Airport (EWR) on June Up to two daily roundtrip flights are operated on Porter's 78-seat De Havilland Dash 8-400 aircraft, meaning no middle seats for all passengers. Daily flights will now operate year-round based on strong demand seen for the summer schedule. This is the third nonstop route to Newark offered by the airline, joining Billy Bishop Toronto City Airport (YTZ) and Ottawa (YOW). Porter recently launched a fourth route to the New York area with daily nonstop Toronto Pearson (YYZ) to LaGuardia service. The scheduled flight times are as follows: Route Departure Arrival Days of Operation Montréal to Newark 1:10 p.m.* 6:35 p.m. 7:20 p.m. 2:50 p.m.* 8:15 p.m. 9:00 p.m. Daily* Mon - Fri, Sun Sat Newark to Montréal 10:45 a.m. * 4:15 p.m. 12:25 p.m.* 5:55 p.m. Daily All times local*Operating June 25, 2025, until September 7, 2025 Passengers will enjoy Porter's signature elevated economy experience, featuring complimentary beer and wine, and premium Canadian-made snacks. Added benefits such as enhanced legroom, priority boarding, checked baggage, and dedicated check-in are available à la carte through the PorterClassic fare or all-inclusive in PorterReserve. The route expands Porter's presence in the New York metropolitan area, joining the airline's existing Newark services and recently-launched Toronto Pearson - LaGuardia route. Connections via Montréal give passengers easy access to Porter's coast-to-coast domestic network, including Halifax, Calgary, Edmonton and Vancouver. Passengers can explore Europe through our partner Air Transat's network via Montréal. Flights are available for booking at Quotes: "This route reinforces our commitment to serving both of these popular cities. Travellers connecting through Montréal now have even more options when further exploring Canada and the United States with Porter." - Andrew Pierce, vice president, network planning and reporting, Porter Airlines "ADM Aéroports de Montréal is very pleased to be helping Porter expand its transborder offering at YUL Montréal-Trudeau International Airport by adding Newark Liberty International Airport to its service. While continuing to meet the needs of various traveller groups, this new addition by Porter also provides a range of options for passengers departing from YUL." - Karl Brochu, Vice President, Airport Operations and Air Services Development at ADM Aéroports de Montréal. About Porter Since 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter's fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves a North American network from Eastern Canada. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit or follow @porterairlines on Instagram, Facebook and Twitter. View source version on Contacts Media contact:Porter Airlinesmedia@ Sign in to access your portfolio
