Specialist regional aircraft lessor, TrueNoord, has secured a new five-year term loan with BayernLB. This term loan reinforces TrueNoord’s strong working relationship with the Bavarian and German financier, following the announcement of their first provision of capital to the lessor in April 2023, as part of a multi-lender term loan. The financing, which includes an […]
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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
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Specialist regional aircraft lessor, TrueNoord, has finalised a new Term Loan agreement with Deutsche Bank. The financing arrangement is aimed at bolstering TrueNoord’s ongoing business expansion initiatives and fleet enlargement, while also marking the addition of Deutsche Bank as a valued banking partner. Legal counsel Clifford Chance represented TrueNoord, while Milbank acted on behalf of
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Specialist regional aircraft lessor TrueNoord has purchased two Embraer E175 jets on lease with Air Canada. The recent closing of this transaction marks the completion of TrueNoord’s acquisition of ten Embraer aircraft from Nordic Aviation Capital (NAC), first announced in January 2023. The aircraft are already deployed across the Air Canada Express network which flies
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Specialist regional aircraft lessor TrueNoord, has announced four new appointments, further strengthening its existing team of industry specialists. A new addition to the Dublin office, Shaun Fullerton, has assumed the position of Technical Manager, with Ian Tyrrell – Financial Controller, Jovana Zuber Timotijević – Finance Manager and David Joyce – Finance Manager, all joining the
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TrueNoord, a prominent player in regional aircraft leasing, has announced its latest portfolio trade involving 11 aircraft with Nordic Aviation Capital (NAC). The diverse aircraft portfolio includes four Dash 8-400s, three E175s and four E190s, contributing to TrueNoord’s growing fleet of new and young in-production turboprop and regional jets, now totaling 87 aircraft. The transaction
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Specialist regional aircraft lessor, TrueNoord, has announced two key appointments, further strengthening its existing team of industry professionals. A new addition to the Amsterdam office, Beata Stachowicz, has assumed the position of Transaction Manager, and Garret Dunne has joined as Risk Director, based in Dublin. Dunne joins TrueNoord from Dubai Aerospace Enterprise where he worked
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Specialist regional aircraft lessor, TrueNoord, has recently taken delivery of its fourth Embraer E195-E2 at São José dos Campos in Brazil. This next-generation jet is part of a fleet of six E2s that will be leased to Canadian operator, Porter Airlines, with the fifth and sixth aircraft scheduled for delivery later in 2023. Anne-Bart Tieleman,
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TrueNoord, the specialist regional aircraft lessor, has finalised operating lease agreements with Breeze Airways for three Embraer E190s. The aircraft (MSN 1900055, 1900070 and 1900132) are based in the U.S. and are already deployed across the Breeze Airways network which provides low-cost, non-stop routes to 35 underserved destinations across the U.S. They form part of
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Specialist regional aircraft lessor TrueNoord has successfully completed the novation (the substitution of a new contract in place of an old one) of two YoM 2008 Embraer E190AR aircraft on long-term operating lease to Airlink (Pty) Limited. These assets are part of TrueNoord’s recent portfolio acquisition of ten aircraft from Nordic Aviation Capital (NAC), which
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