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Benzinga

Business

Akanksha Bakshi

Azorra Places Order For 20 Embraer E2 Aircraft

Embraer ERJ Embraer SA NYSE

Azorra has placed an order with Embraer SA (NYSE:ERJ) for 20 new E2 family aircraft, plus a further 30 purchase rights. At list prices, the order is valued at $3.9 billion.
The deal enables Azorra to acquire E190-E2 or E195-E2 aircraft. Deliveries will begin in 2023.
Azorra is a Florida-based aircraft leasing company specializing in executive, regional, and crossover aircraft. It already has 21 Embraer aircraft in its existing and committed portfolio.
Price Action: ERJ shares are trading lower by 2.34% at $14.63 on the last check Monday.

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