TrueNoord, the specialist regional aircraft lessor, has placed two more new ATR 72-600 aircraft on long-term operating leases with expanding Bangladeshi domestic and international operator, US-Bangla. The aircraft have been financed by Citibank, Société Générale and Royal Bank of Canada under TrueNoord’s revolving warehouse facility. Milbank represented TrueNoord and Clifford Chance advised the banks on the financing side of the transaction.
These new aircraft supplement the recently re-marketed ATR72-600 which TrueNoord transitioned from Air France HOP! in October and bring TrueNoord’s total fleet placed with US-Bangla to three ATRs. This aircraft type now shapes the backbone of the airline’s modern regional fleet.
