TrueNoord deliver two factory new ATR42-600 to Alliance Air

posted on 10th October 2022 by Eddie Saunders
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 challenging airfields in the Himalayas.

The aircraft were funded by TrueNoord’s new warehouse facility with Citibank, Société Générale Corporate & Investment Banking, Royal Bank of Canada, and NORD/LB.

“The collaboration between TrueNoord, Alliance and ATR was very productive and led to a smooth transaction, completed in good time,” comments Carst Lindeboom.

“Alliance is a very experienced ATR operator and it was a pleasure working with them, we look forward to a long and fruitful partnership with their professional and knowledgeable team.

“The ATR42-600 is particularly well suited to serve the most remote and demanding airfields in the Himalayas, which feature both high elevation and short runways.

“Furthermore, the ATR42 can operate with less payload restrictions than the ATR72 and lower trip costs thus offering more flexibility and higher profitability on these underdeveloped routes.”

Vineet Sood, Chief Executive Officer of Alliance Air, adds, “We are pleased to have the support of an experienced leasing partner in TrueNoord and appreciate their team’s expertise as we proudly continue on our mission to make the most inaccessible regions of India accessible.

“We look forward to a long-lasting positive cooperation with TrueNoord as our business grows and evolves.”

“ATR is the leading turboprop manufacturer and these two brand-new aircraft bring enhanced flexibility and choice to our growing fleet,” Lindeboom concludes.

“These latest additions firmly establish the whole ATR family as a cornerstone of our portfolio of modern regional aircraft.

“Alliance Air is our second customer operating in India alongside IndiGo, the successful delivery of these aircraft marks the expansion of TrueNoord’s footprint in this fast-growing aviation marketplace.”