Regional aircraft lessor TrueNoord, has “completed a sale agreement for a further eight aircraft with Nordic Aviation Capital (NAC).” This portfolio of aircraft, “comprising one Dash 8-400 and seven E190s, will increase TrueNoord’s fleet of new and young in-production turboprop and regional jets to 94 aircraft.” The integration of all eight aircraft is targeted to be completed during Q2 2024.
The signing of this sizable sales agreement is “further testament to the positive business relationship the two lessors enjoy, and follows two significant portfolio acquisitions announced in January and December 2023, for 10 and 11 aircraft respectively.”
Richard Jacobs, Chief Commercial Officer, TrueNoord, said: “ 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.”