Canada-based Porter Aviation Holdings has successfully closed a transaction where six Pratt & Whitney PW1900-series engines have been delivered new to Porter Aircraft Leasing Corp. (PALC), and immediately sold to BeauTech Power Systems.<\/p>\n
The engines have subsequently been leased back to PALC and subleased to Porter Airlines, Porter\u2019s\u00a0airline subsidiary, for long-term operational use.<\/p>\n
This sale and leaseback agreement provides Porter with engine capacity for its growing Embraer E195-E2 fleet, while optimising capital allocation across its fleet programme.<\/p>\n
READ:\u00a0Porter Airlines E-Jet pilots begin CAE simulator training<\/a><\/strong><\/p>\n \u201cThis transaction supports Porter\u2019s growth with a reliable, long-duration engine solution,\u201d said Lee Beaumont, Founder and CEO of BeauTech. \u201cPorter operates one of the most modern narrowbody fleets in North America, and we\u2019re pleased to deepen our partnership through another seamless closing.\u201d<\/p>\n \u201cWe value partners who can operate at the pace our rapidly growing business requires,\u201d said Rob Palmer, Executive Vice President and CFO, Porter. \u201cThese PW1900 engines are essential assets for our E2 operation, and BeauTech delivered the structure and execution we needed.\u201d<\/p>\n This closing represents another milestone in BeauTech\u2019s continued expansion in the next-generation engine leasing market and underscores Porter\u2019s commitment to operating a young, fuel-efficient fleet across North America.<\/p>\n The post Porter closes SLB deal for six E195-E2 engines<\/a> appeared first on Aviation Business News<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Canada-based Porter Aviation Holdings has successfully closed a transaction where six Pratt & Whitney PW1900-series engines have been delivered new to Porter Aircraft Leasing Corp. (PALC), and immediately sold to BeauTech Power Systems. The engines have subsequently been leased back to PALC and subleased to Porter Airlines, Porter\u2019s\u00a0airline subsidiary, for long-term operational use. This sale […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1444","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts\/1444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/comments?post=1444"}],"version-history":[{"count":0,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts\/1444\/revisions"}],"wp:attachment":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/media?parent=1444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/categories?post=1444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/tags?post=1444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}