TrueNoord purchases two E190s from GECAS operated by Mandarin Airlines

Eleanor Steed
By Eleanor Steed May 29, 2018 09:59

TrueNoord purchases two E190s from GECAS operated by Mandarin Airlines

TrueNoord, the regional aircraft lessor, has closed the purchase of two Embraer E190 aircraft from GECAS.  These aircraft are under lease with and operated by Mandarin Airlines. This pair of aircraft increases TrueNoord’s Embraer fleet under lease to seventeen globally operated E190s.  The purchase was partially financed under a finance facility by BNP Paribas and DVB Bank. Pillsbury and Stek acted as legal advisers for TrueNoord throughout the transaction.

“Providing aircraft for a regional carrier in East Asia is an exciting step for TrueNoord and we are proud to support Mandarin Airlines, a fully owned subsidiary of China Airlines” says Anne-Bart Tieleman, CEO – TrueNoord. “We see a multiplicity of opportunities with existing operators, new airlines and new lessees across the East Asia region.  We understand the complex geographies that need air transport to deliver economic growth and community connections. We will continue to build our portfolio of aircraft to service operators, like Mandarin Airlines. The provision of regional aircraft is TrueNoord’s sole specialism.”

Eleanor Steed
By Eleanor Steed May 29, 2018 09:59