Regional aircraft lessor TrueNoord has completed a third sale agreement with Nordic Aviation Capital (NAC) for eight more aircraft, comprising one Dash 8-400 and seven E190s.
This latest acquisition will grow TrueNoord’s fleet of turboprops and regional jets to 94 aircraft. Four of the aircraft operate in the US, three in Europe, and one in Australia. The integration of all eight aircraft is targeted for completion during Q2 2024.
Photo: TrueNoord
Commenting on the sale agreement, Richard Jacobs, Chief Commercial Officer at 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.”
This latest sale agreement follows two portfolio acquisitions announced in January 2024 and December 2023.
“It is encouraging to see the buoyancy of the regional aviation sector, with values and lease rates continuing on an upward trend,” Jacobs continued. TrueNoord also confirmed that it is exploring further lessor-to-lessor portfolio trades and will continue to find new opportunities as the market continues to open up.
