TrueNoord leases five new ATR 72-600s to IndiGo

TrueNoord, the specialist regional aircraft lessor, has leased five new ATR 72-600s to InterGlobe Aviation Limited (IndiGo). The first two aircraft were delivered at the end of December with the remaining three integrating with the fleet in the coming months. Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays. Hogan Lovells advised TrueNoord on the transaction and Norton Rose Fulbright for IndiGo. Milbank, Tweed, Hadley & McCloy represented TrueNoord and Clifford Chance advised the banks on the financing side of the transaction. Anne-Bart Tieleman, CEO of TrueNoord, commented: “These brand