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
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