Republic Airways, the regional airline operating services under the names American Eagle, Delta Connection and United Express in the U.S., has leased six Embraer 170s from TrueNoord, the specialist regional aircraft lessor.
These aircraft have been in operation with Republic Airways since 2005 and have now been purchased by TrueNoord with leases attached from GA Telesis. This is TrueNoord’s first fleet deal in North America.
Financing was provided under a bilateral term loan facility supported by Erste Bank. Pillsbury, Winthrop, Shaw, Pittman LLP advised TrueNoord on the transaction. In closing this milestone deal, TrueNoord adds a new aircraft type to its portfolio and increases its E-Jet fleet to 28, of which six are Embraer E170s, and the total fleet to 41, including 12 turboprops.
