Aircraft Lessor Azorra Acquires Jets from DAE

DALLAS — Florida-based Commercial aircraft lessor Azorra has announced the successful acquisition of 49 Embraer E-Jet aircraft and two General Electric CF-34 engines from Dubai Aerospace Enterprise (DAE) Ltd. The Azorra has a plan to lease these aircraft to 12 different customers worldwide.

Azorra offers services including leasing, financing, fleet transition, and asset management worldwide. The company is headquartered in Fort Lauderdale, Florida. Seasoned industry veterans manage the company with an average experience of 25 years. 

Azorra currently has 125 aircraft and engines, and with this acquisition, the company's portfolio will exceed 225 aircraft, including new Airbus A220 and Embraer E2 orders.

Strategic Significance

This move highlights Azorra's ongoing strategic growth through mergers, acquisitions, and opportunistic portfolio purchases. This strategy follows Azorra's previous acquisition of 48 aircraft from Nordic Aviation Capital (NAC) and Voyager Aviation Holdings.

John Evans, CEO of Azorra, stated: “We’re excited to add these high-quality, current-generation assets to Azorra’s growing fleet and to further strengthen our global customer base. These reliable and proven aircraft complement our commitment to new technology crossover jets, reflecting our confidence in the growing demand within this segment. We’re also pleased to begin a new partnership with DAE, a respected global leader in commercial aircraft leasing.”

Impact of the Deal on Azorra

The deal will enhance Azorra's abilities to scale and execute complex, high-impact investments and emerge as a market leader in regional and crossover aircraft. 

The deliveries are expected to be completed by the end of 2025, with closings commencing immediately.