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Azorra to Acquire 13 E-190 Aircraft and 36 GE Engines from JetBlue

Azorra to Acquire 13 Embraer E190 Aircraft and 36 GE Engines from JetBlue
Expanding Azorra’s Regional Jet Portfolio
Aircraft lessor Azorra has entered into a sale and purchase agreement with JetBlue to acquire 13 Embraer E190 aircraft along with 36 General Electric CF34-10E6 engines. This transaction significantly expands Azorra’s portfolio of mid-life regional jets, aligning with the company’s strategic focus on small narrowbody aircraft. The deal coincides with JetBlue’s ongoing fleet modernization efforts, as the airline phases out its E190s in favor of newer, larger Airbus A220 models. JetBlue’s final scheduled E190 flight is anticipated in September, marking the end of an era for the carrier, which was the launch customer for the E190 in 2005.
The retired E190 aircraft and engines will be remarketed by Azorra and leased to operators worldwide. Deliveries began in July and are expected to continue through the second quarter of 2026. This acquisition reflects a broader industry trend driven by supply chain constraints that have limited the availability of new aircraft and engines. Consequently, demand for mid-life assets that can be rapidly deployed remains robust. The E190s and GE engines offer operators immediate fleet flexibility and cost efficiency, with the engines notably possessing substantial remaining green time, providing critical powerplant solutions for airlines managing maintenance schedules or short-term capacity needs.
Market Implications and Industry Context
John Evans, CEO of Azorra, emphasized the significance of the transaction, stating, “We’re excited to once again partner with JetBlue on this transaction, which reinforces our commitment to the Embraer E-Jet family and GE’s CF34-10 engines. It underscores our confidence in the performance, reliability, long-term value, and continued demand for these assets, while advancing our mission to deliver innovative, value-driven powerplant solutions to customers worldwide.”
Despite the strategic benefits, the deal introduces potential challenges. Azorra’s focus on small narrowbody jets aligns with growing market interest in efficient and cost-effective aircraft, yet the acquisition may prompt competitive responses such as fleet optimization initiatives or new partnerships as rivals seek to protect market share. Additionally, both Azorra and JetBlue could face scrutiny regarding their financial positions following the transaction. Regulatory approvals and operational integration may also present hurdles that could influence the deal’s ultimate success.
JetBlue currently operates a fleet of 35 E190s, with only nine still active and an average age of 15.2 years. These 100-seat aircraft represent the smallest segment of JetBlue’s fleet. The airline is replacing them with the Airbus A220, which accommodates approximately 140 passengers and delivers up to 25% better fuel efficiency alongside a 50% reduction in noise compared to previous-generation aircraft. JetBlue’s current fleet includes 50 A220-300s and around 130 A320 family aircraft, with an additional 50 A220s on order.
As JetBlue completes its E190 phase-out, Azorra’s acquisition positions the lessor to capitalize on sustained demand for regional jets amid a competitive and evolving market landscape.

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