TrueNoord has completed the purchase of seven ATR 72-600s from GOAL Aircraft Leasing, a German asset manager, on behalf of KGAL.
Andreas Schneider, Director of Sales & Marketing at GOAL, said: “Facilitating this transaction with TrueNoord exemplifies our commitment to delivering high-value, sustainable aviation investments for KGAL’s funds. Our exclusive role as asset manager for KGAL’s aviation portfolio enables us to create attractive returns for investors while supporting airline fleet development across Europe.”
The purchase brings TrueNoord’s fleet to over 100 aircraft and brings three new lessee airlines to its portfolio. Four of the 72-600s have been leased to Air Serbia, two with Emerald Airlines and one with Olympic Air.
“Our focus is on building and sustaining a fleet of latest technology aircraft that enhance our lessees’ operations, delivering fuel economy and dispatch reliability,” added Anne-Bart Tieleman, founder and CEO of TrueNoord. “We are very pleased that our OEM partners – Embraer, ATR, de Havilland Canada, and Airbus – share this vision. We cooperate closely to grow and develop the turboprop, large regional jet and small narrowbody sector for the benefit of all operating within it and the communities we collectively serve.”
“As a lessor, we set out to support the regional aviation market and work in partnership with those airlines that service this sector,” commented Nigel Turner, Chairman of TrueNoord. “In order to pursue growth, we have steadily developed our highly experienced team and established a global presence in Europe, Asia, Africa, and the Americas. We are proud of the support we receive from our stable group of equity investors, Freshstream, BlackRock, abrdn / PATRIA, and the wider international banking community. Their confidence in our business model has enabled TrueNoord not only to build a trusted reputation within the leasing community but also to advance at a measured pace, which is synonymous with our core values.”
This purchase follows the announcement in September that TrueNoord had bought eight E190s from Nordic Aviation Capital.
Image: TrueNoord
