Tag: TrueNoord

TrueNoord attains Term Loan financed by Deutsche Bank

Specialist regional aircraft lessor, TrueNoord, has secured a new Term Loan with Deutsche Bank. The financing will support TrueNoord’s ongoing business growth and fleet expansion, and sees them welcome Deutsche Bank as a new banking partner. Legal advisers Clifford Chance acted on behalf of ...

TrueNoord increases footprint in Canada with the lease of two Embraer E175s to Air Canada

TrueNoord increases footprint in Canada with lease of two Embraer E175s to Air Canada

TrueNoord has purchased two Embraer E175s on lease with Air Canada. The recent closing of this transaction marks the completion of their acquisition of 10 Embraer aircraft from Nordic Aviation Capital, first announced in January 2023. The aircraft are already deployed across the Air Canada Express...

TrueNoord enhances internal capabilities with the addition of new finance and technical colleagues

Specialist regional aircraft lessor TrueNoord, has announced four new appointments, further strengthening their existing team of industry specialists. A new addition to the Dublin office, Shaun Fullerton, has assumed the position of Technical Manager, with Ian Tyrrell – Financial Controller, Jo...

TrueNoord takes delivery of fourth Embraer E195-E2

TrueNoord, Specialist regional aircraft lessor, TrueNoord, took delivery of their fourth Embraer E195-E2 at São José dos Campos in Brazil last week. The next-generation jet is the latest of six TrueNoord E2s being leased to Canadian operator, Porter Airlines. The fifth and sixth aircraft will b...

TrueNoord announces Paul Murphy as new Chief Financial Officer

Specialist regional aircraft lessor, TrueNoord, has announced the appointment of industry expert, Paul Murphy, in the role of CFO. Having recently held senior finance roles with SMBC Aviation Capital, Goshawk Aviation and ORIX Aviation, Murphy will be responsible for fiscal reporting & analysi...

TrueNoord delivers first of six brand new Embraer E195-E2s to Porter Airlines

TrueNoord, has delivered the first of six Embraer E195-E2 aircraft to Canadian operator, Porter Airlines. The specialist regional aircraft lessor announced its purchase of these game-changing next-generation jets last year and the remaining five E2s will all join Porter’s expanding fleet on lon...

TrueNoord leases three Embraer E190s to Breeze Airways

TrueNoord, the specialist regional aircraft lessor, has finalised operating lease agreements with Breeze Airways for three Embraer E190s. The aircraft are based in the US and are already deployed across the Breeze Airways network which provides low-cost, non-stop routes to 35 underserved destinat...

TrueNoord leases two Embraer E190s to Helvetic Airways

TrueNoord, the specialist regional aircraft lessor, has finalised the lease of two Embraer E190s on three year operating lease agreements with Helvetic Airways AG (Switzerland). The aircraft (MSNs 19000603, 19000607) will be based in Zurich and will operate on flights to destinations across Europ...

TrueNoord welcomes new lease – African airline, Airlink

Specialist regional aircraft lessor TrueNoord has successfully completed the renovation of two YoM 2008 Embraer E190AR aircraft on long-term operating lease to Airlink (Pty) Limited. These assets are part of TrueNoord’s recent portfolio acquisition of 10 aircraft from Nordic Aviation Capital (...

TrueNoord secures US$275 million Term Loan to support balanced growth trajectory

TrueNoord has successfully closed a new five-year Term Loan of US$275 million. The facility will be used by the specialist regional aircraft lessor to expand their existing group of aircraft assets, and to finance a well-diversified portfolio of 31 owned regional jet and turboprop aircraft curren...

TrueNoord acquires portfolio of ten Embraer aircraft from Nordic Aviation Capital

TrueNoord, the specialist regional aircraft lessor, has completed a sale agreement for eight Embraer E190s and two E175s with Nordic Aviation Capital (NAC). This significant transaction increases TrueNoord’s portfolio to 70 aircraft and brings new lessee airlines from North America, Canada, and...

TrueNoord delivers second Embraer E190 to Dominican Republic operator, Sky High

Sky High, the Caribbean regional carrier, has taken delivery of its second Embraer E190 leased by TrueNoord. The first of these modern and capable aircraft was delivered earlier in the year. Immediate induction into the Sky High fleet has resulted in both E190s flying an extensive network to f...

TrueNoord deliver two factory new ATR42-600 to Alliance Air

Specialist regional aircraft lessor TrueNoord, has announced the successful delivery of two new ATR42-600s to Alliance Air, India’s only public airline. The aircraft join Alliance Air’s fleet on a long-term operating lease and will serve domestic routes within India, specifically focusing on ...

TrueNoord announces two new appointments

As the Company expands its global operator portfolio and prepares to manage a programme of significant growth, TrueNoord, the specialist regional aircraft lessor, is building its Dublin-based team. New to the finance unit, Cormac Hennessy brings outstanding cross-border tax knowledge to the posit...

TrueNoord secures US$400 million financing facility

TrueNoord has closed a new revolving warehouse finance facility of US$400 million which will be seeded with 17 aircraft already owned by TrueNoord and can be extended further by an accordion feature. The facility will be used by the specialist regional aircraft lessor to finance business developm...

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