TrueNoord closes purchase of two Embraer regional aircraft for Mandarin Airlines

posted on 29th May 2018 by Justin Burns
TrueNoord closes purchase of two Embraer regional aircraft for Mandarin Airlines

Regional aircraft lessor TrueNoord has closed the purchase of two Embraer E190 aircraft from GECAS – which will be operated by Mandarin Airlines.

This pair of aircraft increases TrueNoord’s Embraer fleet under lease to seventeen globally operated E190s.  The purchase was partially financed under a finance facility by BNP Paribas and DVB Bank. Pillsbury and Stek acted as legal advisers for TrueNoord throughout the transaction.

Mandarin Airlines is based in Taipei, Taiwan and operates domestic and regional international flights.

The carrier introduced the Embraer E190 to its fleet in June 2007 and currently operates six E190s on domestic, cross-strait and international routes.

TrueNoord chief executive officer, Anne-Bart Tieleman said: “Providing aircraft for a regional carrier in East Asia is an exciting step for TrueNoord and we are proud to support Mandarin Airlines, a fully owned subsidiary of China Airlines.

“We see a multiplicity of opportunities with existing operators, new airlines and new lessees across the East Asia region.  We understand the complex geographies that need air transport to deliver economic growth and community connections.

“We will continue to build our portfolio of aircraft to service operators, like Mandarin Airlines. The provision of regional aircraft is TrueNoord’s sole specialism.”