TrueNoord acquires two E195s

Lauren Eldershaw
By Lauren Eldershaw January 15, 2019 16:24

TrueNoord acquires two E195s

Regional aircraft leasing specialist TrueNoord has acquired two E195s on lease to Azul Linhas Aéreas Brasileiras.

Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NordLB and Barclays. Legal services were provided by Hogan Lovells and Stek.

Garry Topp, Sales Director at TrueNoord with specific responsibility for the Americas, commented “We are extremely proud to add Azul to our list of customers. They are an award-winning South American airline with a significant presence in the Latin American regional aviation sector. Azul is committed to developing regional aviation and upgrading their fleet and so we look forward to a successful long-term relationship.”

Priscilla Branco, Head of Aircraft Programs for Azul, highlights the airline’s requirement for regional leasing expertise. “These two aircraft signify the start of a relationship with TrueNoord. We welcome working with a specialist lessor of regional jets as we continue the development of this important part of our business.”

The aircraft were purchased with leases attached from CCB Financial Leasing. “CCB Leasing is very pleased to have taken a further step into the optimization of our lease portfolio, widening our business relationship with the global aircraft leasing industry. We enjoyed dealing in this swift and successful transaction with Truenoord,” added Jim Liu, Managing Director of CCB Leasing (International) Corporation DAC registered in Dublin, Ireland.

Lauren Eldershaw
By Lauren Eldershaw January 15, 2019 16:24