What Happened
Brazilian Development Bank Backs Porter Airlines Expansion
Porter Aviation Holdings Inc., the parent company of Porter Airlines, has secured financing with the Brazilian Development Bank (BNDES) for up to 19 Embraer E195-E2 aircraft. The aircraft are part of Porter’s existing firm order for 75 E2s, with deliveries expected through 2030. This move is seen as a significant milestone for Porter, which has been expanding its operations in North America. The financing commitment was reported by Business Wire.