TrueNoord has announced the sale of an ATR 72-212F to NTE Aviation, LLC having reached the end of its technical life andwill be dismantled by NTE for engines and spare parts for reuse in the USM market.
TrueNoord, the Specialist regional aircraft lessor has announced the sale of an ATR 72-212F, MSN 461, to NTE Aviation, LLC, an independently owned aviation trading and distribution company. Having reached the end of its technical life, the 28-year-old turboprop will be dismantled by NTE, which will salvage the engines and spare parts for reuse in the used serviceable materials (USM) market.
TrueNoord is a fast-growing regional aircraft leasing company with offices in Amsterdam, Dublin, London, and Singapore. It is a full-service platform providing leasing and lease management services, supported by extensive knowledge of aircraft finance, to operators and investors worldwide in the regional aircraft sector. TrueNoord exclusively invests in the latest technology turboprops and regional jet aircraft, with a deep understanding of the critical role of regional aircraft in linking remote locations to larger urban areas, providing a feeder service to major hubs, and fulfilling carriers’ lower demand off-peak services in a growing global market.
Maarten Grift, Sales Manager for Africa, the Middle East, and CIS, TrueNoord said, “Due to an existing relationship with NTE, this transaction was closed in a matter of weeks. We would like to thank NTE’s highly experienced and knowledgeable team and look forward to working with them again on future opportunities. With NTE’s combined experience and the collaborative effort of our teams, reviewing and closing the technical due diligence was streamlined and efficient. It was a pleasure to work with NTE’s entire team. Additional thanks also go to the aircraft’s previous lessee, Amelia International, and to ATR-Maintenance for their crucial support in this endeavor.”
The sale and subsequent parting out of the ATR 72-212F demonstrate TrueNoord’s commitment to sustainable practices in the aviation industry. By extending the life of aircraft components through reuse and recycling, TrueNoord and NTE Aviation are contributing to the circular economy, ensuring that valuable materials and parts continue to serve operational aircraft.
Stephen Spillane, Technical Manager, TrueNoord said, “With NTE’s combined experience and the collaborative effort of our teams, reviewing and closing the technical due diligence was streamlined and efficient. It was a pleasure to work with NTE’s entire team. Additional thanks also go to the aircraft’s previous lessee, Amelia International, and to ATR-Maintenance for their crucial support in this endeavor.”
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This transaction highlights the efficiency and effectiveness of TrueNoord’s operations and its ability to manage the entire lifecycle of regional aircraft, from acquisition and leasing to sale and part-out. It also underscores the company’s strategic focus on maintaining strong relationships with industry partners to facilitate seamless transactions and support the evolving needs of the regional aviation market.
