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Azul Appoints Azorra Aviation to Remarket E-Jet Fleet
São Paulo, September 24, 2018 - Azul S.A., "Azul" (B3: AZUL4, NYSE: AZUL) announced today that it has engaged Azorra Aviation LLC ("Azorra") to remarket its entire Embraer E190/E195 fleet. 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.
"This advances our initiative to aggressively drive down unit costs, expand margins and transform our fleet to the newest, most fuel efficient and modern fleet in the industry" says John Rodgerson, CEO of Azul. "We’ve worked with John Evans and several key members of his current Azorra team on numerous prior E-Jet projects - from leases of our earliest aircraft to the sale of older E-Jets. Azorra is well-positioned and uniquely qualified to help us meet our current E-Jet fleet transitioning objectives."
"We appreciate the confidence in our team that Azul has demonstrated with this appointment" said John Evans, Azorra’s CEO. "We plan to work closely with Azul’s fleet planning team and with their lessor partners to bring value to Azul’s fleet transition process. By leveraging on the relationships we have built over the years and our extensive E-Jet specific experience, including marketing, sales, leasing, sub-leasing, deliveries, and lease returns, we will achieve the best possible outcome for Azul and its partners."
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