Specialist regional aircraft lessor TrueNoord has finalised a sales agreement for an additional eight aircraft with Nordic Aviation Capital (NAC). This portfolio of aircraft, comprising one Dash 8-400 and seven E190s, will expand TrueNoord's fleet of new and young in-production turboprop and regional jets to 94 aircraft. The transaction encompasses four aircraft operating in the U.S.A., three in Europe and one in Australia, further diversifying the global spread of TrueNoord's fleet. The integration of all eight aircraft is expected to be completed during Q2 2024.
The execution of this substantial sales agreement underscores the positive business relationship between the two lessors and follows two significant portfolio acquisitions announced in January and December 2023, for ten and 11 aircraft, respectively. Richard Jacobs, Chief Commercial Officer at TrueNoord, remarked, “These are exciting times at TrueNoord as we continue to develop the business and expand our global fleet. We value the professionalism and support of the NAC team and anticipate concluding this mutually beneficial transaction as both parties pursue their strategic growth plans.”
“It is encouraging to witness the resilience of the regional aviation sector, with values and lease rates showing an upward trajectory. We are already exploring further lessor-to-lessor portfolio trades, and with our secure funding and robust team in place, we are well positioned to evaluate new opportunities as the market continues to evolve.”
