TrueNoord has signed a sale agreement with Nordic Aviation Capital for one Bombardier Dash 8-400 aircraft and seven Embraer E190 jets, with four operating in the USA, three in Europe, and one in Australia.
TrueNoord, a Specialist regional aircraft lessor has signed a sale agreement with Nordic Aviation Capital (NAC) for eight additional aircraft, taking its new turboprop and regional jet fleet to 94 aircraft. The portfolio also includes one Bombardier Dash 8-400 and seven Embraer E190s, with four operating in the USA, three in Europe, and one in Australia, to extend its TrueNoord global presence. The latest successful large sales agreement confirms the continued strong business relationship between TrueNoord and NAC from the acquisitions of significant portfolios in January and December 2023 of 10 and 11 aircraft, respectively.
Richard Jacobs, Chief Commercial Officer, TrueNoord said, “These are exciting times at TrueNoord, as we continue to develop the business and increase our global fleet. We appreciate the professionalism and support of the NAC team, and look forward to closing this mutually beneficial transaction, as both parties pursue their own strategic growth plans. It is encouraging to see the buoyancy of the regional aviation sector, with values and lease rates continuing on an upward trend. We are already exploring further lessor-to-lessor portfolio trades, and with our secure funding and robust team in place, we are well placed to consider new opportunities as the market continues to open up.”
TrueNoord invests in the latest technology turboprops and regional jet aircraft, recognizing its critical role in linking remote destinations with feeding main hubs and carriers’ lower demand off-peak services across the growing global market.
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This list of strategic cornerstone investors, including Freshstream, BlackRock, abrdn, and others, backing TrueNoord, begins with its fleet of in-production aircraft, including all models across the 50 – 150 seat class: Embraer, Airbus, ATR, MHI-RJ, and De Havilland Canada. This represents strategic investments in TrueNoord’s commitment to offering efficient and modern regional aircraft solutions that address diverse market needs and advance regional aviation connectivity worldwide.
Question- How many aircraft did TrueNoord sign a sale agreement for with Nordic Aviation Capital?
Answer- Eight
Question- In which regions are the four Embraer E190 jets operated?
Answer- USA
Question- Which strategic investors are backing TrueNoord?
Answer- Freshstream, BlackRock, abrdn, and others
