In December 2023, TrueNoord announced a further portfolio trade, acquiring 11 aircraft from NAC.
TrueNoord has purchased two Embraer E175 jets on lease with Air Canada completing the acquisition of ten Embraer aircraft from Nordic Aviation Capital initially announced in January 2023 to serve over 70 destinations in Canada and the U.S.
TrueNoord, a specialist regional aircraft lessor, has expanded its portfolio with the purchase of two Embraer E175s on lease with Air Canada. This transaction completes the acquisition of ten Embraer aircraft from Nordic Aviation Capital (NAC), initially announced in January 2023. The E175s are already in operation across the Air Canada Express network, serving over 70 destinations in Canada and the United States.
TrueNoord’s strategic acquisition of these Embraer E175s aligns with its commitment to serving lessees with strong operational performance and extensive route networks. The lessor aims to build a robust and long-term relationship with Air Canada, contributing to the airline’s regional connectivity and operational excellence.
Garry Topp, Sales Director, Americas, TrueNoord said, “We are very pleased to further expand our footprint by adding two Air Canada operated E175s to our portfolio. These aircraft represent the first E175s in our fleet and our second lessee in the country. Air Canada is a respected flag carrier and the country’s largest airline, known for its strong operational performance and comprehensive route network. We are very proud to welcome them to the TrueNoord lessee family and look forward to building a strong and long-term relationship with their team.”
In December 2023, TrueNoord announced a further portfolio trade, acquiring 11 aircraft from NAC. This move will increase its fleet to 87 turboprops and regional jets. The transaction includes new lessee airlines in Australia and Europe, as well as additional aircraft for existing North American airline customers, including Air Canada. The integration of three more E175s leased to Air Canada is expected to be completed in the first quarter of 2024.
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The regional aircraft leasing market continues to be dynamic, with TrueNoord strategically positioning itself to meet the growing demand for efficient and versatile regional jets. The addition of Embraer E175s to its portfolio underscores TrueNoord’s commitment to offering a diverse range of aircraft to meet the needs of regional carriers worldwide.
Question – How many Embraer E175s did TrueNoord acquire from Nordic Aviation Capital?
Answer – TrueNoord acquired ten Embraer E175s, completing the initial deal announced in January 2023.
Question –Which airline operates these E175s and where do they fly?
Answer – The E175s are already in service with Air Canada Express, serving over 70 destinations across Canada and the United States.
Question – How does this acquisition benefit TrueNoord and Air Canada?
Answer – TrueNoord gains access to strong operational performance and an extensive route network, while Air Canada expands its regional connectivity and strengthens its partnership with a reliable lessor.
Note– MRO Business Today is the Principal Media Partner of the 5th MRO SOUTH ASIA SUMMIT 2024 co-located with the MRO XPO INDIA & AIRCRAFT INTERIORS INDIA 2024 to be held on 27,28 & 29 February 2024 at the Le Méridien New Delhi, India.
