TrueNoord, a regional aircraft lessor, has completed the signing of a sale agreement for eight Embraer E190 and two E175 aircraft with Nordic Aviation Capital (NAC), a provider of leasing and lease management services to airlines. This significant transaction between the two companies increases TrueNoord’s portfolio of civil jets to 70 aircraft. This will bring new lessee airlines from North America, Canada, and South Africa into the family, and will increase TrueNoord’s footprint with existing European airline customers in France and Portugal.
The complete integration of all ten newly acquired Embraer jets is targeted to be finalized in Q1 2023. Richard Jacobs, Chief Commercial Officer, TrueNoord, said that it has been a pleasure to work with NAC, a professional trading partner with ample experience in the regional market.