in Aerospace

TrueNoord purchases three E190s from GECAS

Posted 11 April 2018 · Add Comment

Regional aircraft lessor, TrueNoord, has closed the purchase of three Embraer E190 aircraft from GECAS.

Above: The HOP! Embraer ERJ-190LR (for Air France) with identification F-HBLA takes off at Frankfurt International Airport.
By Olaf Schulz / Shutterstock


These aircraft are under lease with and operated by HOP!, the regional operator for AirFrance-KLM in France. This additional group of three regionally operated E190 aircraft adds to the significant investment in TrueNoord’s Embraer fleet under lease and increases the organisation’s portfolio to fifteen globally operated E190s, with further acquisitions in the pipeline. The purchase was partially financed under a new finance facility arranged by BNP Paribas and DVB Bank SE.

Pillsbury and Stek acted as legal advisers for TrueNoord throughout the transaction.

TrueNoord now provides eight E190’s to support the regional operations divisions of the Air France-KLM Group. Anne-Bart Tieleman, CEO of TrueNoord, commented: “Our strategy is to acquire young aircraft with long remaining leases operated by strong carriers, such as HOP!, and we are proud to work with this leading regional airline to support their operation. TrueNoord’s specialist approach is fully endorsed by our leading investors: BlackRock, Aberdeen Asset Management and Bregal Freshstream. There is great investor confidence in the global regional aircraft leasing sector and besides that we are currently developing a number of diverse prospects worldwide, we also look forward to continuing our successful expansion in Europe.

“As we look ahead to the ERA Conference in Vienna later this month we anticipate wide-ranging discussions relating to the evolving regional marketplace in Europe. We see opportunities with existing operators, new airlines and new lessees. There is a continuous requirement for flexible options for end of lease situations and aircraft reaching lease transition phases.”

TrueNoord is an aircraft leasing company based in London, Dublin and the Netherlands. It provides leasing and lease management services to operators and investors in the regional aircraft sector. TrueNoord is supported with investment from Bregal Freshstream, BlackRock and Aberdeen Asset Management. The Company is solely focused on regional jets and turboprop aircraft.


 

* required field

Post a comment

Other Stories
Advertisement
Latest News

SEA supplying TLS to navies in South East Asia

Cohort company SEA is supplying its Torpedo Launcher Systems (TLS) to three South East Asian navies that have signed up for a solution based on technology originally developed for the UK Royal Navy.

Bristol Airport and SWRnewstar win Waste2Zero award

SWRnewstar has won the Waste2Zero Best Waste Project Communication & Stakeholder Engagement Award in partnership with its customer Bristol Airport.

Dnata awarded UK MHRA certification for Good Distribution Practice

Global air services provider and UK ground handler, dnata, has been awarded certification for Good Distribution Practice (GDP) by the UK Medicines and Healthcare Products Regulatory Agency (UK MHRA).

Airbus increases Sentinel-3 altimetry precision

A new highly precise MicroWave Radiometer (MWR) built by Airbus is ready to start operations after the launch of the Sentinel-3B satellite built by Thales Alenia Space as prime contractor for this programme.

GECAS takes delivery of the first 737-800 BCF

GE Capital Aviation Services (GECAS) took delivery of the first 737-800 Boeing Converted Freighter (BCF) today – landing in England – which will be operated by West Atlantic Group, based in Sweden.

BA doubles Chinese cabin crew on China routes

British Airways is doubling the number of Chinese cabin crew on its flights to and from China.

ODU SK191217191218
See us at
FIL18 BT111017220718SMI HelicopterTBT1402240518SMI FAVWSBT1402060618