TrueNoord, the regional aircraft lessor, has reported that funds managed by BlackRock, a global asset management firm, will be co-investing in its portfolio of leased aircraft assets alongside Bregal Freshstream who invested in the company in 2016. This significant and forward-looking agreement will enable TrueNoord to intensify the pace of its acquisition strategy in the regional aircraft sector. Furthermore, it will facilitate the escalation of financing solutions that TrueNoord can provide for airlines seeking specialist regional programmes and growth. The regional aviation sector represents a substantial portion of the global aviation industry with approximately 50% of all passenger travel accounted for by journeys under 300 nautical miles. This is particularly the case in parts of Asia and Latin America where growing populations and infrastructure challenges are driving demand for local air travel. TrueNoord’s recent acquisition of six Embraer E190’s from BOC Aviation with leases attached is indicative of this global dynamic with aircraft being operated by AeroMexico, TUI (Jetairfly) Belgium and Air Astana.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada