Specialist regional aircraft lessor, TrueNoord, is leasing two new Dash 8-400 aircraft to Philippine Airlines on long-term operating lease agreements. MSN 4610 has been delivered and MSN 4612 will join the fleet in February.
These aircraft are the first Dash 8-400 aircraft manufactured by De Havilland Aircraft of Canada Limited to enter service in TrueNoord’s portfolio and have been financed within the new US$360 million warehouse facility which was announced last October and which is underwritten by Citibank, Société Générale and Royal Bank of Canada.
The Dash 8-400 aircraft will enter PAL’s commercial service in February and will be based at Clark International Airport, flying domestic routes throughout the Philippine archipelago of over 7,600 islands.
