TruNoord expands investor support

Eleanor Steed
By Eleanor Steed June 15, 2017 14:22

TruNoord expands investor support

TrueNoord, the regional aircraft lessor, has announced that funds managed by BlackRock will be co-investing in its portfolio of leased aircraft assets alongside Bregal Freshstream, which invested in the company in 2016.

This agreement will enable TrueNoord to intensify the pace of its acquisition strategy in the regional aircraft sector, and facilitate the escalation of financing solutions that TrueNoord can provide for airlines seeking specialist regional programmes and growth.

TrueNoord recently acquired six Embraer E190s from BOC Aviation with leases attached to capitalise on the strength of the regional aircraft sector.

Chief Executive Officer, Anne-Bart Tieleman comments: “The regional aviation sector is a highly specialised subsector of the wider aircraft leasing industry and we have built a strong presence within it.  With the backing of Bregal Freshstream and our new investor, BlackRock, we are poised to accelerate the momentum that we have generated to date as we look to expand into key growth markets such as South East Asia and Latin America where the demand for regional aircraft is booming.”

“Aircraft leasing continues to grow in both size and importance” says Tieleman.  “In the regional sector we expect to see the continuance of recent trends that have characterised the commercial jet area as a whole, including industry consolidation, rapid portfolio turnover, and the use of innovative structures enabling capital market funds to provide a source of equity. We also anticipate that lessors will continue to trade aircraft briskly, allowing new lessors like TrueNoord to grow our fleet.”

TrueNoord is an aircraft leasing company based in the Netherlands, London and Dublin, which is solely focused on regional jets and turboprop aircraft.

Eleanor Steed
By Eleanor Steed June 15, 2017 14:22