June 19, 2017

TrueNoord closes financing facility for two Embraer E190 aircraft leased by Air Astana

TrueNoord, the regional aircraft lessor, has closed the final term financing facility with DVB bank and PK AirFinance for the remaining two of the six Embraer E190 aircraft that it purchased from BOC Aviation earlier this year with leases attached. These two aircraft are operated by Air Astana. This new portfolio of six globally operated E190 aircraft spearheads TrueNoord’s highly targeted on-going development strategy for its regional aircraft fleet under lease, supported by investment from private equity firm Bregal Freshstream and Blackrock. Financing is now completed for the six aircraft from the BOC Aviation purchase (operated by AeroMexico, TUI (Jetairfly) Belgium and Air Astana) and TrueNoord is accelerating its acquisitions in the regional aviation sector with a global remit. Currently the organisation is exploring a wide range of opportunities across Asia as airlines throughout the region seek new financing solutions for their expanding regional operations.



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