TrueNoord receives new investment from Aberdeen Asset Management

TrueNoord, the regional aircraft lessor, has released that Aberdeen Asset Management, a leading global asset management firm and part of the newly merged investment company – Standard Life Aberdeen, will be co-investing in the company alongside BlackRock who joint as investor in June this year, and Bregal Freshstream who invested in the company in 2016. As TrueNoord intensifies the pace of its acquisition strategy in the regional aircraft sector, this additional investment will further facilitate the intended growth of its regional aircraft portfolio under lease. It enables TrueNoord to facilitate airlines seeking specialist regional programmes. The regional aviation sector represents a substantial portion of the global aviation industry with approximately 50% of all passenger travel accounted for by journeys below 300 nautical miles. Indicative of this global dynamic, TrueNoord recently acquired regional aircraft with leases attached which are operated by AeroMexico, TUI (Jetairfly) Belgium, Air Astana, HOP! and Regional Jet.