TrueNoord leases Embraer E190 to Cobham Aviation Services

©TrueNoord and Cobham Aviation Services have signed a six-year lease agreement for one Embraer E190

Cobham Aviation Services Australia has signed a six-year operating lease agreement with TrueNoord, the specialist regional aircraft lessor. The Embraer E190 (MSN 1900087) will be integrated into Cobham’s fleet for immediate charter operation. Funding for the aircraft is underwritten by TrueNoord’s existing revolving warehouse facility with Citibank, Société Générale and Royal Bank of Canada. CMS acted as legal counsel for TrueNoord with Alaris advising Cobham.

The E190 has transitioned from TrueNoord’s previous lessee Mandarin Airlines of Taiwan. It was temporarily stored in the Philippines before flying to Perth via Indonesia.

Carst Lindeboom, TrueNoord’s Sales Director for the Asia Pacific region, acknowledges the challenges of remarketing aircraft in the COVID-19 era.  “Managing a smooth transition of our asset to Cobham without actually touching the aircraft ourselves was a test of logistical complexity. I have to thank the professional cooperation of the Cobham team, with their help we have managed to achieve the transfer in record time.”

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