Finnair leases three Embraer E190s from TrueNoord:
15 November 2019: TrueNoord has leased three Embraer E190s to Finnair. These aircraft have been bought with leases attached from GOAL Aircraft Leasing and they are being sub-leased and operated by Nordic Regional Airlines (NoRRA).
Financing was offered under TrueNoord's term loan warehouse facility which was supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank, Barclays and ABSA Bank.
TrueNoord was advised by Hogan Lovells on the transaction and Dentons supported GOAL.
Anne-Bart Tieleman, CEO, TrueNoord said, "These E190s are our first aircraft with Norra, the preferred partner of Finnair, and they bring our E-jet fleet to 28 aircraft of which 20 aircraft are Embraer E190s.The past six months have been exciting times for TrueNoord as we concentrate on our long term strategy and continue to expand our strong portfolio of young regional aircraft with a good global spread and leased to experienced, market leading operators. As a specialist lessor, we are committed to the provision of dependable, modern aircraft that enable regional airlines to provide reliable services and aid passenger connectivity - we are very pleased to build our presence with such a renowned Nordic operator."
Michael Adams, TrueNoord's Sales Director Europe said, "We are delighted to welcome Finnair/Norra into the TrueNoord family of lessees and look forward to building our relationship and supporting Finnair/Norra's future fleet development plans."
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