Sun, Apr 15, 2018
Regional Lessor Acquires Airplanes From GECAS
Regional aircraft lessor TrueNoord has closed the purchase of three Embraer E190 aircraft from GECAS. These aircraft are under lease with and operated by HOP!, the regional operator for Air France-KLM in France. This additional group of three regionally operated E190 aircraft adds to the significant investment in TrueNoord’s Embraer fleet under lease and increases the organisation’s portfolio to fifteen globally operated E190s, with further acquisitions in the pipeline. The purchase was partially financed under a new finance facility arranged by BNP Paribas and DVB Bank SE.
TrueNoord now provides eight E190’s to support the regional operations divisions of the Air France-KLM Group. Anne-Bart Tieleman, CEO of TrueNoord, commented: “Our strategy is to acquire young aircraft with long remaining leases operated by strong carriers, such as HOP!, and we are proud to work with this leading regional airline to support their operation. TrueNoord’s specialist approach is fully endorsed by our leading investors: BlackRock, Aberdeen Asset Management and Bregal Freshstream. There is great investor confidence in the global regional aircraft leasing sector and besides that we are currently developing a number of diverse prospects worldwide, we also look forward to continuing our successful expansion in Europe.
Tieleman continues “As we look ahead to the ERA Conference in Vienna later this month we anticipate wide-ranging discussions relating to the evolving regional marketplace in Europe. We see opportunities with existing operators, new airlines and new lessees. There is a continuous requirement for flexible options for end of lease situations and aircraft reaching lease transition phases.”
Pillsbury and Stek acted as legal advisers for TrueNoord throughout the transaction.
(Source: TrueNoord news release)
More News
Aero Linx: International Flying Farmers IFF is a not-for-profit organization started in 1944 by farmers who were also private pilots. We have members all across the United States a>[...]
From 2017 (YouTube Version): Remembrances Of An Israeli Air Force Test Pilot Early in 2016, ANN contributor Maxine Scheer traveled to Israel, where she had the opportunity to sit d>[...]
"We renegotiated what our debt restructuring is on a lot of our debts, mostly with the family. Those debts are going to be converted into equity..." Source: Excerpts from a short v>[...]
Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]
Chart Supplement US A flight information publication designed for use with appropriate IFR or VFR charts which contains data on all airports, seaplane bases, and heliports open to >[...]
ANN's Daily Aero-Linx (04.15.24)
See All