TrueNoord leases four new ATR 72-600 aircraft to Wings Air of Indonesia

posted on 10th December 2018 by Justin Burns
TrueNoord leases four new ATR 72-600 aircraft to Wings Air of Indonesia

PT Wings Abadi – operating as Wings Air and a subsidiary of Lion Air Group – has taken delivery of its fourth new ATR 72-600 aircraft leased from regional aircraft lessor TrueNoord.

This is the culmination of a deal that has already seen TrueNoord integrate three aircraft into the Wings Air fleet in August, October and November this year.

The aircraft are all provided on long term operating leases in association with Transportation Partners and ATR.

Lion Air Group CEO, Edward Sirait said: “We are delighted to start a new relationship with TrueNoord, a specialist regional aircraft lessor, and we look forward to expanding this commercial partnership over the years.”

Wings Air is one of the Lion Group airlines, it solely focuses on domestic routes and also serves as a feeder airline for the group in Indonesia. Operational hubs are located across the biggest cities in Indonesia, such Jakarta, Manado, Denpasar, Medan and Batam.

TrueNoord chief executive officer (CEO), Anne-Bart Tieleman said “These are the first brand new ATRs for TrueNoord and it has been an exciting experience for us over the past five months. These aircraft sow the seeds of our ultimate vision and long term plan to build up a strong portfolio of young regional aircraft types with a good global spread and leased to experienced, market leading, operators.

“Wings Air currently flies 270 routes across Indonesia mostly consisting of short-haul flights of less than one hour. Their fleet is exclusively comprised of propeller-based aircraft, allowing the airline to serve difficult routes and airstrips that only turboprop aircraft can service.”

TrueNoord is firmly establishing its footprint in South East Asia. This significant deal for four ATR 72-600s follows TrueNoord’s purchase of two Embraer E190 regional aircraft operated by Mandarin Airlines in May this year. Several other opportunities are currently in development across the region.