Richard Jacobs, Chief Commercial Officer, TrueNoord said,  “It is admirable how the NAC team have focused on this transaction with so many other deals under simultaneous execution. We have appreciated the quick decisions and pragmatic approach, from both sides, to streamline the process.The regional aircraft market has sprung back and demand is outstripping the true availability of aircraft, with assets grounded largely due to a combination of return conditions and supply chain delays. So, we are seeing a positive trend of values and lease rents and expect this trend to continue, as the supply chain remains tight and issues impact the new generation of narrowbody aircraft. Another influencing factor is that many network operators have relied on their regional network during COVID and they are continuing to use their regional aircraft to right size their fleet and generate better yields.”