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TrueNoord and NAC in leasing deal for E190s and E175s
Dutch lessor TrueNoord has completed a sale agreement for eight Embraer E190s and two E175s with Nordic Aviation Capital (NAC). The “significant transaction” takes the TrueNoord portfolio to 70 aircraft and adds lessee airlines from North America and South Africa to customers in France and Portugal. The transaction is to be financed by TrueNoord’s current warehouse facility provided by Citibank, Société Générale Corporate & Investment Banking, Royal Bank of Canada, and NordLB and has been endorsed by “cornerstone investors” Freshstream, BlackRock, abrdn, and others, the lessor said. Legal advisers Pillsbury acted on behalf of TrueNoord. “With half of these aircraft
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