Benzinga | Jan 24, 2022 12:58PM EST

Azorra Places Order For 20 Embraer E2 Aircraft

* 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.