Amsterdam-based regional aircraft lessor TrueNoord has completed the purchase of seven ATR 72-600 aircraft from German asset manager GOAL Aircraft Leasing, acting on behalf of KGAL.
This investment in turboprops increases TrueNoord’s fleet to over 100 aircraft and brings three new European lessee airlines into the TrueNoord portfolio.
Nigel Turner, chairman of TrueNoord, commented: “As a lessor we set out to support the regional aviation market and work in partnership with those airlines that service this sector. In order to pursue growth, we have steadily developed our highly experienced team and established a global presence in Europe, Asia, Africa, and the Americas.”
He continued: “We are proud of the support we receive from our stable group of equity investors, Freshstream, BlackRock, abrdn / PATRIA, and the wider international banking community. Their confidence in our business model has enabled TrueNoord not only to build a trusted reputation within the leasing community, but also to advance at a measured pace which is synonymous with our core values.”
All seven ATR 72-600s are on lease to European carriers; four flying with Air Serbia, two with Emerald Airlines based in Ireland, and one with Greek operator Olympic Air. Making the century for TrueNoord is MSN 1159 flying with Air Serbia.
“Facilitating this transaction with TrueNoord exemplifies our commitment to delivering high-value, sustainable aviation investments for KGAL’s funds,” added Andreas Schneider, director of sales and marketing at GOAL. “Our exclusive role as asset manager for KGAL’s aviation portfolio enables us to create attractive returns for investors while supporting airline fleet development across Europe.”