Azul engages Azorra Aviation to remarket Embraer fleet

Brazil-based Azul S.A. (B3: AZUL4) (NYSE: AZUL) has announced it has appointed Azorra Aviation LLC to remarket its entire Embraer E190/E195 jet fleet, the company said.

Azorra´s team has a wealth of experience in marketing, sales and leasing of E-Jets and a proven track-record of supporting Azul. With this partnership, Azul expects to accelerate the transition of its current E1 fleet to Embraer´s next generation E195-E2s, contributing to a significant reduction in operating costs.

Azul S.A. offers 780 daily flights to 107 destinations. With an operating fleet of 121 aircraft and more than 10,000 crew members, the company has a network of 217 non-stop routes as of June 30, 2018.

Azorra Aviation LLC is headquartered at Fort Lauderdale International Airport (FLL) and is led by John Evans, whose more than 30 years in commercial aircraft leasing includes the prior start-up, development and sale of two successful aircraft leasing companies — Indigo Aviation & Jetscape.