TrueNoord acquires two Embraer E195 on lease to Azul

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Regional aircraft leasing specialist TrueNoord has acquired two Embraer E195s on lease to Brazilian carrier Azul.

Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays.

TrueNoord sales director, Garry Topp said: “We are extremely proud to add Azul to our list of customers. They are an award-winning South American airline with a significant presence in the Latin American regional aviation sector.

“Azul is committed to developing regional aviation and upgrading their fleet and so we look forward to a successful long-term relationship.”

Azul head of aircraft programs, Priscilla Branco added: “These two aircraft signify the start of a relationship with TrueNoord. We welcome working with a specialist lessor of regional jets as we continue the development of this important part of our business.”

The aircraft were purchased with leases attached from CCB Financial Leasing Corporation Ltd.