TrueNoord, a Specialist regional aircraft lessor has signed a sale agreement with Nordic Aviation Capital (NAC) for eight additional aircraft, taking its new turboprop and regional jet fleet to 94 aircraft. The portfolio also includes one Bombardier Dash 8-400 and seven Embraer E190s, with four operating in the USA, three in Europe, and one in Australia, to extend its TrueNoord global presence. The latest successful large sales agreement confirms the continued strong business relationship between TrueNoord and NAC from the acquisitions of significant portfolios in January and December 2023 of 10 and 11 aircraft, respectively.
Richard Jacobs, Chief Commercial Officer, TrueNoord said, “These are exciting times at TrueNoord, as we continue to develop the business and increase our global fleet. We appreciate the professionalism and support of the NAC team, and look forward to closing this mutually beneficial transaction, as both parties pursue their own strategic growth plans. It is encouraging to see the buoyancy of the regional aviation sector, with values and lease rates continuing on an upward trend. We are already exploring further lessor-to-lessor portfolio trades, and with our secure funding and robust team in place, we are well placed to consider new opportunities as the market continues to open up.”