Thu, Jan 11, 2018
Increases Portfolio To Seven E190 Aircraft
Regional aircraft lessor TrueNoord has concluded the increase of an existing term financing facility with DVB bank for the purchase of a 2012 vintage Embraer E190 aircraft from Air Astana, which will continue to be operated by the airline under the terms of a sale/leaseback transaction.
This aircraft increases TrueNoord’s Embraer portfolio to seven globally operated E190s, with further acquisitions shortly to be announced. TrueNoord’s focused on-going development strategy for its regional aircraft fleet under lease, is supported by investments from private equity firms Bregal Freshstream, BlackRock and Aberdeen Asset Management.
“With regional aircraft accounting for 35% of the global fleet and almost 21,000 flights taken per day, it is clear to see that network airlines, like Air Astana, use these aircraft types effectively to optimise capacity and frequency” says Anne-Bart Tieleman, CEO – TrueNoord.
Historical evidence points to regional carriers being a strong lending or leasing risk proposition either because they are part of a major carrier and/or they have clear niche markets with often high yields. Aircraft values for current generation regional aircraft types have held up relatively strongly since their respective entry to service when compared to other commercial aircraft.
“The regional aircraft finance market is characterized by a growing level of operating leases and the absence of many traditional sources of financing creates opportunities for specialists like TrueNoord. This is our first sale/leaseback transaction and as we look ahead in 2018 we see abundant opportunities worldwide in this vibrant sector.”
(Source: TrueNoord news release. Image from file)
More News
States That Current Process is Damaging National Aerospace Development US Senator Jerry Morgan is pushing the FAA to speed up the process for rocket launch licensing. He argues tha>[...]
From 2015 (YouTube Edition): Model Aviator Aims For Full-Scale Career While at the 2015 Indoor Electric RC Festival, referred to as eFest, ANN CEO and Editor-In-Chief, Jim Campbell>[...]
Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]
Aero Linx: Cardinal Flyers Online The Cardinal Flyers Online Web site was created and is maintained by me, Keith Peterson. My wife Debbie and I have owned a 1976 RG since 1985. Wit>[...]
Clearance Void If Not Off By (Time) Used by ATC to advise an aircraft that the departure release is automatically canceled if takeoff is not made prior to a specified time. The exp>[...]