PE-Backed Porter Buys Up to $2B in Bombardier Aircraft
Toronto's Porter Airlines Inc. has signed a conditional purchase agreement for 12 CS100 airliners, with options for an additional 18 CS100 aircraft, from Bombardier Inc. Depending on the orders optioned, Bombardier estimates the contract value could reach US$2.3 billion. Porter president and CEO Robert Deluce said the buy "fits perfectly into our business plans and growth strategy." Porter has been backed by private equity firms Edgestone Capital Partners, OMERS Strategic Investments, GEAMI and Dancap Private Equity since 2006.
12 April 2013•6 mins read
