Sun, Apr 15, 2018
Regional Lessor Acquires Airplanes From GECAS
Regional aircraft lessor TrueNoord has closed the purchase of three Embraer E190 aircraft from GECAS. These aircraft are under lease with and operated by HOP!, the regional operator for Air France-KLM in France. This additional group of three regionally operated E190 aircraft adds to the significant investment in TrueNoord’s Embraer fleet under lease and increases the organisation’s portfolio to fifteen globally operated E190s, with further acquisitions in the pipeline. The purchase was partially financed under a new finance facility arranged by BNP Paribas and DVB Bank SE.
TrueNoord now provides eight E190’s to support the regional operations divisions of the Air France-KLM Group. Anne-Bart Tieleman, CEO of TrueNoord, commented: “Our strategy is to acquire young aircraft with long remaining leases operated by strong carriers, such as HOP!, and we are proud to work with this leading regional airline to support their operation. TrueNoord’s specialist approach is fully endorsed by our leading investors: BlackRock, Aberdeen Asset Management and Bregal Freshstream. There is great investor confidence in the global regional aircraft leasing sector and besides that we are currently developing a number of diverse prospects worldwide, we also look forward to continuing our successful expansion in Europe.
Tieleman continues “As we look ahead to the ERA Conference in Vienna later this month we anticipate wide-ranging discussions relating to the evolving regional marketplace in Europe. We see opportunities with existing operators, new airlines and new lessees. There is a continuous requirement for flexible options for end of lease situations and aircraft reaching lease transition phases.”
Pillsbury and Stek acted as legal advisers for TrueNoord throughout the transaction.
(Source: TrueNoord news release)
More News
Say Altitude Used by ATC to ascertain an aircraft's specific altitude/flight level. When the aircraft is climbing or descending, the pilot should state the indicated altitude round>[...]
Aero Linx: European Air Law Association (EALA) EALA was established in 1988 with the aim to promote the study of European air law and to provide an open forum for those with an int>[...]
From 2023 (YouTube Version): The Life, Death, Life, Death, and Life of a Glorious Warbird In 1981, business-owner Jim Tobul and his father purchased a Chance-Vought F4U Corsair. Mo>[...]
Also: USCG Retires MH-65 Dolphins, Irish Aviation Authority, NATCA Warns FAA, Diamond DA42 AD This summer, history enthusiasts will have a unique opportunity to experience World Wa>[...]
Also: WACO Kitchen Bails, French SportPlane Mfr to FL, Dynon-Advance Flight Systems, Innovation Preview Bobby Bailey, a bit of a fixture in sport aviation circles for his work with>[...]