TrueNoord closes sale-lease back with Air Astana for Embraer E190 aircraft

TrueNoord, the regional aircraft lessor, has concluded the increase of an existing term financing facility with DVB bank for the purchase of a 2012 vintage Embraer E190 aircraft from Air Astana, which will continue to be operated by the airline under the terms of a sale-lease back transaction. This aircraft increases TrueNoord’s Embraer portfolio to seven globally operated E190s, with further acquisitions shortly to be announced. TrueNoord’s focused on-going development strategy for its regional aircraft fleet under lease, is supported by investments from private equity firms Bregal Freshstream, BlackRock and Aberdeen Asset Management.