Regional aircraft lessors Nordic Aviation Capital and TrueNoord have completed a sale agreement for 11 aircraft, due to be integrated into TrueNoord’s fleet during Q1 2024.
The portfolio of aircraft (which comprises four Dash 8-400s, three E175s and four E190s) will bolster TrueNoord’s fleet of ‘new and young in-production turboprop and regional jets’ to 87 aircraft and is the second sizeable transaction completed between the parties, following an earlier deal of 10 Embraer jets.
“This significant transaction aligns True Noord’s fleet with the regional aircraft footprint worldwide as well as mirroring the split by market category, further enhancing our risk profile,” commented Richard Jacobs, TrueNoord chief commercial officer. Highlighting how the “regional aircraft market has sprung back and demand is outstripping the true availability of aircraft,” Jacobs noted that TrueNoord have “appreciated the quick decisions and pragmatic approach, from both sides, to streamline the process”.
TrueNoord concluded that it has ‘secure funding in place plus a strong and experienced internal team to support its balanced and structured growth aspirations’.