SÃO JOSÉ DOS CAMPOS, Brazil & TORONTO--(BUSINESS WIRE)--Dec 23, 2025--
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Porter has firm orders for 75 aircraft, with purchase rights for an additional 25, potentially bringing its fleet up to 100 E2s. The E195-E2 has enabled Porter’s impressive network expansion across Canada, the U.S., and now the Caribbean, Mexico and Central America.
The airline’s bold strategy includes extending its elevated economy experience into southern vacation sunshine markets; launching 13 new routes to five popular destinations this season – Cancun, Puerto Vallarta, Nassau, Grand Cayman, and Liberia (Costa Rica) – from Toronto, Ottawa, Montreal and Hamilton airports. With the addition of the 50th E2, Porter will continue exploring opportunities to increase capacity across its growing network.
Michael Deluce, President & CEO of Porter Airlines, said, “Since Porter’s founding in 2006, we have consistently focused on raising the bar for our passengers by proving that economy flying can and should be pleasurable for everyone. The E2’s introduction into our fleet is allowing us to turbocharge these efforts as the fastest growing airline in North America over the last three years. The aircraft offers an incredible passenger experience and supports our promise as being the only airline in the region with no middle seats for any passenger on any flight. Our story is continuing as we reset the competitive landscape.”
Nigel Patterson, Vice President Sales & Marketing, and Head of Region North America, Embraer Commercial Aviation, added: “Porter Airlines is a true disruptor in North American travel. Their commitment to elevating the passenger experience with the E195-E2 highlights the aircraft’s unique blend of operational efficiency, passenger comfort, and environmental performance. Today’s delivery reinforces our conviction that the E2 family is the ideal solution for next-gen growth and market expansion.”
The E195-E2 is the largest and most advanced member of Embraer’s E-Jets E2 family. It delivers up to 29% lower fuel burn compared to first-generation E-Jets, a range of 3,000 nautical miles (~5,556 km), enabling nonstop operations across North America, Mexico, and the Caribbean. Designed for high-frequency routes, the E195-E2 combines outstanding economics, the quietest cabin, 4th-gen fly-by-wire avionics, a modern passenger environment featuring onboard Wi-Fi and seatback power – and no middle seats.
Porter supplements the aircraft’s capabilities with a category-leading inflight offering. The airline’s award-winning passenger experience is available to everyone onboard on a complimentary basis, including wine and beer service in glassware, premium snacks and streaming-quality Wi-Fi.
Porter’s rapid fleet growth and network expansion underscore its transformation into a major player in North American aviation. With a reputation for delivering a premium flying experience, Porter is redefining travel for millions of passengers.
Image:https://embraer.imagerelay.com/sb/4958cbcc-fc20-406e-8b38-c4a550d7f2f7/porter50th
About Porter
Since 2006, Porter Airlines has been elevating the experience of economy air travel for every passenger, providing genuine hospitality with style, care and charm. Porter’s fleet of Embraer E195-E2 and De Havilland Dash 8-400 aircraft serves North America, including a coast-to-coast domestic Canadian network, the U.S., Mexico, the Caribbean and Central America. Headquartered in Toronto, Porter is an Official 4 Star Airline® in the World Airline Star Rating®.
Visit www.flyporter.com or follow @porterairlines on Instagram, Facebook and X.
About Embraer
Embraer is a global aerospace company headquartered in Brazil. It manufactures aircraft for Commercial and Executive aviation, Defense & Security, and Agricultural customers. The company also provides after-sales services & support through a worldwide network of wholly owned entities and authorized agents.
Since it was founded in 1969, Embraer has delivered more than 9,000 aircraft. On average, about every 10 seconds, an aircraft manufactured by Embraer takes off somewhere worldwide, transporting over 150 million passengers a year.
Embraer is the leading manufacturer of commercial jets with up to 150 seats and is the leading exporter of high-value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia, and Europe.
Embraer (NYSE: EMBJ; B3: EMBJ3) has delivered the 50th E195-E2 aircraft to Porter Airlines, marking a major milestone in one of North America’s most dynamic fleet expansions. Since receiving its first E2 jet in December 2022, Porter set out to reshape travel across North America and set a new standard for passenger experience.
LONDON & VILNIUS, Lithuania--(BUSINESS WIRE)--Dec 23, 2025--
Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Bitė Group (“Bitė”), a leading telecom operator in the Baltics, today announced an agreement by which Stonepeak will acquire TeleTower, Bitė’s towers business in Lithuania and Latvia. Bitė is a portfolio company of Providence Equity Partners (“Providence”), a specialist private equity firm focused on growth-oriented media, communications, education and technology companies. The transaction will create the first fully independent tower company in the region and represents the beginning of a strategic partnership dedicated to investing in the Baltics’ mobile network and improving end-customer experience.
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Established in 2009 within Bitė, TeleTower operates a diversified portfolio of more than 2,500 tower and rooftop sites across Lithuania and Latvia, with strong presence in strategic locations in all major Lithuanian and Latvian cities. Following the completion of the transaction, TeleTower and Bitė will enter into a long-term commercial agreement including commitments to roll out more than 1,200 additional sites to increase network density, provide improved connectivity to remote areas, and deliver 5G speeds to customers, as mobile data usage in the region continues to outpace Europe more broadly.
“Lithuania and Latvia represent attractive, nascent tower markets given the sustained high levels of mobile data usage and competitive landscape between mobile network operators within the region,” said Nicolò Zanotto, Managing Director and Head of Digital Infrastructure, Europe at Stonepeak. “We believe TeleTower is poised for success given its diversified portfolio, state-of-the-art infrastructure, and first-mover advantage as the region’s first independent tower company. We are excited to back TeleTower and look forward to working closely with Bitė to support furthering their strategic objectives in both Lithuania and Latvia.”
“At every stage of our development, we have aimed to deliver maximum value to our customers while enhancing mobile and fixed connectivity, as well as broadening our offering with Pay TV services,” said Pranas Kuisys, the CEO at Bitė. “Since we first partnered with Providence, we have invested more than €400 million in our infrastructure to achieve this goal by building out 4G and 5G networks and delivering high-speed connectivity. Welcoming investment from a global strategic investor such as Stonepeak, combined with our future strategic partnership with TeleTower, reflects our continued commitment to these objectives.”
“Connectivity is a core investment theme for Providence. We are proud to have supported Bitė’s development into a leading player in the Baltic telecoms sector, growing revenues from approximately €200 million to €600 million under our ownership through new services such as Go3,” added Karim Tabet, Senior Managing Director and Head of Europe at Providence. “We continue to believe the Baltics benefit from strong fundamentals and we look forward to working with Stonepeak to bring their infrastructure expertise to this strategic partnership, adding significant value to both Bitė and TeleTower.”
The transaction is expected to close in the second quarter of 2026. Barclays served as financial advisor and Simpson Thacher & Bartlett LLP served as legal counsel to Stonepeak. Lazard served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison, A&O Shearman and Sorainen served as legal counsels to Bitė Group.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.
About Bitė Group
Bitė Group is a leading telecommunications and media company operating in Lithuania, Latvia, and Estonia. The Group provides mobile, fixed broadband, pay TV, and media services. Bitė Group is managed by the global private equity firm Providence Equity Partners, which primarily invests in the media, communications, education, and technology sectors.
About Providence
Providence is a specialist private equity investment firm focused on growth-oriented media, communications, education and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Since its founding in 1989, Providence has invested over $40 billion across more than 180 private equity portfolio companies. With its headquarters in Providence, RI, the firm also has offices in New York, London, Boston and Atlanta. For more information, please visit www.provequity.com.
Stonepeak to Acquire TeleTower From Providence Portfolio Company Bitė Group
Stonepeak to Acquire TeleTower From Providence Portfolio Company Bitė Group
