TrueNoord leases Embraer E190 to Cobham Aviation Services

posted on 4th October 2021 by Eddie Saunders
TrueNoord leases Embraer E190 to Cobham Aviation Services

Cobham Aviation Services Australia has signed a six-year operating lease agreement with TrueNoord, the specialist regional aircraft lessor.

The Embraer E190 will be integrated into Cobham’s fleet for immediate charter operation.

Funding for the aircraft is underwritten by TrueNoord’s existing revolving warehouse facility with Citibank, Société Générale and Royal Bank of Canada.

CMS acted as legal counsel for TrueNoord with Alaris advising Cobham.

The E190 has transitioned from TrueNoord’s previous lessee Mandarin Airlines of Taiwan.

It was temporarily stored in The Philippines before flying to Perth via Indonesia.

Carst Lindeboom, TrueNoord’s Sales Director for the Asia Pacific region, acknowledges the challenges of remarketing aircraft in the COVID-19 era: “Managing a smooth transition of our asset to Cobham without actually touching the aircraft ourselves was a test of logistical complexity.

“I have to thank the professional cooperation of the Cobham team, with their help we have managed to achieve the transfer in record time.”

Cobham’s Business Development Director Tim Pirga said that Cobham had been progressively modernising and expanding its fleet, introducing the E190 jet and Q400 turboprop to provide its clients with greater flexibility of rosters, suitability for paved and unpaved regional aerodromes, increased reliability and low carbon emissions.

“This latest E190 brings our number of these aircraft types to three and we are pleased that it will shortly be conducting its inaugural passenger flight in Australia,” said Tim.