AviTrader sponsorship ad

TrueNoord closes US$275 million Term Loan to support balanced growth trajectory

TrueNoord has secured a US$275 million Term Loan
TrueNoord has secured a US$275 million Term Loan © TrueNoord

TrueNoord has successfully closed a new five-year Term Loan of US$275 million (£220 million). The facility will be used by the specialist regional aircraft lessor to expand its existing group of aircraft assets and to finance a well-diversified portfolio of 31 owned regional jet and turboprop aircraft currently on lease to 13 different airline customers based in 11 countries.

The Term Loan was arranged by Morgan Stanley & Co., LLC, as sole structuring agent and lead placement agent; Citigroup Global Markets Inc., RBC Capital Markets, LLC, and SG Americas Securities, LLC, as joint placement agents; and MUFG Bank, Ltd., and  BayernLB as mandated lead arrangers. The lender group is comprised of MUFG Bank, Ltd., BayernLB, Cathay United Bank, Absa Corporate & Investment Banking, Morgan Stanley Bank, N.A., and Umpqua Bank. The Term Loan will facilitate further business development and supports TrueNoord’s targeted growth strategy which is endorsed by cornerstone investors: Freshstream, BlackRock, abrdn and others. Legal advisers Clifford Chance acted on behalf of TrueNoord, Milbank represented the banks.

“With the successful closing of this secured long-term financing TrueNoord has been able to further increase its group of relationship banks supporting the continued growth of the business. We have broadened our financing resources and the facility gives us the ability to aim for further market opportunities, like portfolio transactions for new and used aircraft” comments Anne-Bart Tieleman, CEO. “We work closely with our customers, offering a range of lease options to support their business growth ambitions. Strengthening our position with additional funds sends a positive signal to all our partners.”

Tieleman comments on the continued investor confidence this transaction demonstrates. “We are proud that the finance community sees TrueNoord as a secure and credible investment partner. We have a solid track record, a quality portfolio of aircraft and lessees, and a balanced growth plan. It is extremely rewarding for our team to develop our relationships with the banks involved in this Term Loan and we thank all parties for their hard work and professionalism in successfully concluding this transaction.”

TrueNoord specialises in providing 50–150 seat regional aircraft to its airline customers across the world. Tieleman concludes, “Our full fleet of aircraft is on lease and operational, and we are exploring more transaction opportunities to further expand our fleet, as part of our disciplined growth strategy for 2023 and beyond.” 

Share this Article
Friday October 24, 2025
SalamAir Airbus A320 © AirTeamImages
SalamAir has signed a ten-year memorandum of understanding (MoU) with Mach Aerospace International (MAI) to set up an aircraft wheels and brakes maintenance centre in Oman. Under the deal, SalamAir will provide MAI with a full set of specialised wheels and bra... Read More »
Friday October 24, 2025
American Airlines
American Airlines Group has announced its financial results for the third quarter of 2025, reporting record revenue of US$13.7 billion. Despite the strong performance, the airline posted a GAAP net loss of US$114 million, equivalent to US$(0.17) per diluted sh... Read More »
Friday October 24, 2025
WestJet aircraft
Onex Partners and WestJet have finalised the sale of minority equity stakes in the Canadian carrier to Delta Air Lines, Korean Air, and Air France-KLM. The sale marks a new chapter in WestJet’s international partnerships while keeping control with Onex Partn... Read More »
Friday October 24, 2025
Rita Flaherty, Vice President at GE Aerospace’s Defence & Systems and Hanwha Aerospace President Sun Kim © GE Aerospace
Hanwha Aerospace (Hanwha) has signed a new agreement with GE Aerospace to purchase more T700 and F404 engine kits. These engines will power Korea Aerospace Industries’ Surion helicopter and the T-50, TA-50, and FA-50 Golden Eagle jet trainers and light attac... Read More »
Friday October 24, 2025
Airbus predicts world freighter fleet to grow 45% by 2044
Airbus’ 2025 Cargo Global Market Forecast (GMF) projects the worldwide fleet of dedicated freighter aircraft will grow to 3,420 over the next 20 years, a 45% increase. This total will include 815 existing freighters and 2,605 additional ones. Of the 2,605 ne... Read More »
Friday October 24, 2025
Aircraft Propeller Service (APS)
Aircraft Propeller Service (APS) has completed its first overhaul of Collins Aerospace 568F propeller blades at its new MRO facility in Malaysia. It marks the first time this propeller type has been serviced within the region. Until now, all Collins 568F prope... Read More »
Thursday October 23, 2025
Airbus, Leonardo and Thales have signed a memorandum of understanding to merge their space activities into a single company. By joining forces, the three giants aim to bolster Europe’s strategic autonomy in space. This vital sector supports telecommunication... Read More »
Thursday October 23, 2025
ATG's flagship product, the aerBlade® system © ATG
Jamco Corporation (Jamco), a Bain Capital portfolio company and Japan’s top manufacturer of aircraft cabin interiors, has announced the acquisition of Aerospace Technologies Group (ATG) by Bain Capital. The global investment firm manages assets worth around ... Read More »
Thursday October 23, 2025
The latest deals involved the sale-and- leaseback of two new Embraer E195-E2 jets, delivered and leased to Canada’s Porter Airlines © AirTeamImages
Ashland Place Finance (Ashland Place) has completed its third and fourth aircraft financing facilities with affiliates of Fortress Investment Group and GOAL Aircraft Leasing. The deals involve the sale and leaseback of two new Embraer E195-E2 jets, delivered d... Read More »
Thursday October 23, 2025
© Shutterstock
Lockheed Martin has reported a robust third quarter for 2025, with sales reaching US$18.6 billion, up from US$17.1 billion a year earlier. Net earnings remained steady at US$1.6 billion, or US$6.95 per share, slightly higher than the US$6.80 per share recorded... Read More »
Thursday October 23, 2025
Ground-breaking ceremony at Perot Field Alliance Airport © Embraer
Embraer has begun construction on a new MRO facility for commercial jets at Perot Field Alliance Airport in Fort Worth. The ground-breaking ceremony gathered local leaders, Embraer executives, and partner representatives to celebrate this major step forward. T... Read More »
Thursday October 23, 2025
Representatives from Bell Textron, Ukraine’s Ministry of Economy, Ecology, and Agriculture, and UkraineInvest
At a ceremony in Washington, Bell Textron signed key agreements with Ukraine’s Ministry of Economy, Ecology, and Agriculture, and UkraineInvest. The deal aims to explore industrial cooperation as part of a possible purchase of AH-1Z Viper and UH-1Y Venom hel... Read More »
Wednesday October 22, 2025
TrueNoord CEO Anne-Bart Tieleman (l) and Elysian co-CEO and co-founder Daniel Rosen Jacobson
Elysian, a pioneer in next-generation electric aircraft, has signed a collaboration agreement with regional aircraft lessor TrueNoord. The deal, announced during the European Regions Airline Association (ERA) General Assembly in Estoril, supports Elysian’s f... Read More »
Wednesday October 22, 2025
Norwegian Group
For the third quarter 2025, the Norwegian Group has posted a profit before tax (EBT) of NOK 2,891 million and an operating profit (EBIT) of NOK 3,071 million. The period also marked key milestones. The company paid its first-ever dividend in August and confirm... Read More »
Wednesday October 22, 2025
Wizz Air Airbus A321neo © AirTeamImages
Aviation Capital Group LLC (ACG) has delivered three new Airbus A321neo aircraft to Wizz Air. These aircraft are powered by advanced Pratt & Whitney GTF engines, known for their fuel efficiency and lower emissions. They mark the tenth, eleventh and twelfth... Read More »
Wednesday October 22, 2025
A CH-47F Block II conducts a flight at Redstone Test Center in Huntsville, Ala. © Boeing/Studio 51
The U.S. Army has advanced its heavy-lift modernisation plans with an order for nine Boeing CH-47F Block II Chinook helicopters. The two new contracts, worth US$461 million, bring the total number of Block II aircraft on order to 18. The latest awards, coverin... Read More »
Wednesday October 22, 2025
STS new station Vero Beach ©Shutterstock
STS Line Maintenance (STS), part of STS Aviation Group, has opened a new satellite station in Vero Beach, Florida (VRB). Operations will begin on December 1, with JetBlue Airways confirmed as the launch customer. Mark Smith, President of STS Aviation Group, sa... Read More »
Wednesday October 22, 2025
The deal paves the way for the development of up to six new narrow- and wide-body hangars across the airport estate © Teesside International Airport
A major deal has been agreed to support a multi-million-pound expansion of aircraft maintenance operations at Teesside International Airport. The move will create hundreds of skilled engineering jobs and boost the region’s growing aviation sector. Willis Avi... Read More »
Wednesday October 22, 2025
BCT hangar at East Midlands Airport (EMA)
BCT Aviation Maintenance, based at East Midlands Airport (EMA), has made a six-figure investment in new hangar tools and airside vehicles. The move prepares the company for a busy winter maintenance season. From October to December, BCT’s hangar will handle ... Read More »
Tuesday October 21, 2025
Korean Air and Archer executives on October 20th signing ceremony.
Korean Air and Archer Aviation (Archer) have signed an agreement to bring Archer’s Midnight eVTOL aircraft to Korea. The rollout will begin with government use and later expand to other sectors. As part of the deal, Korean Air plans to buy up to 100 Midnight... Read More »
ajw avitrader

2026 MEDIA KIT

VP Sales & Business Development Americas
Tamar Jorssen
tamar.jorssen@avitrader.com
Phone: +1 (778) 213 8543
VP International Sales & Marketing
Malte Tamm
malte.tamm@avitrader.com
Phone: +49 (0)162 8263049

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.