TrueNoord, the specialist regional aircraft lessor, has acquired a portfolio of seven ATR 72-600 turboprop aircraft from German asset manager GOAL Aircraft Leasing, acting on behalf of KGAL. This acquisition is increasing TrueNoord's fleet to over 100 aircraft and introducing three new European lessee airlines into its portfolio.
The newly integrated aircraft are leased to Air Serbia (four aircraft), Emerald Airlines of Ireland (two aircraft) and Olympic Air in Greece (one aircraft). Notably, the 100th aircraft in TrueNoord's fleet, MSN 1159, operates with Air Serbia.
TrueNoord Chairman Nigel Turner attributes the company's growth to teamwork and support from equity investors, including Freshstream, BlackRock, abrdn/PATRIA, and global banks. Turner affirmed TrueNoord's commitment to regional aviation and hinted at accelerated growth plans, aiming to solidify its position among the world's largest regional aircraft lessors. He noted that increasing scale would enhance profitability and enable the company to better meet rising demand for its aircraft.
Anne-Bart Tieleman, TrueNoord's founder and CEO, underscored the company's commitment to maintaining a modern, efficient fleet that supports lessees' operational goals. He credited OEM partners Embraer, ATR, de Havilland Canada, and Airbus for sharing this vision. Tieleman noted the importance of a capable and expanding team to manage the growing portfolio, with staff numbers set to rise across offices in Amsterdam, Dublin and Singapore as the company eyes further expansion into North America.
TrueNoord is poised for continued growth, backed by high demand and strong investor confidence, with plans to pursue new acquisition opportunities involving the latest technology aircraft.
