Regional aircraft lessor TrueNoord has increased its market footprint in Canada with the lease of two Embraer E175 jets to Air Canada.
The closure of this lease marks the end of TrueNoord’s acquisition of 10 Embraer aircraft from Nordic Aviation Capital (NAC), which was announced in January 2023.
The two E175 jets are already deployed on Air Canada’s regional subsidiary, Air Canada Express’ network.
Garry Topp, Sales Director Americas at TrueNoord, commented: “We are very pleased to further expand our footprint by adding two Air Canada operated E175s to our portfolio. These aircraft represent the first E175s in our fleet and our second lessee in the country.”
This transaction announcement follows TrueNoord’s December 2023 announcement of its intention to enter into a further trade for 11 aircraft from NAC, which will grow its fleet to 87 turboprops and regional jets.
The integration of three additional E175s leased to Air Canada is expected to be completed during Q1 2024.
Image credit: TrueNoord