TrueNoord has leased three Embraer E190s to Finnair. These aircraft have been purchased with leases attached from GOAL Aircraft leasing and they are being sub-leased and operated by Nordic Regional Airlines (Norra).
Anne-Bart Tieleman, CEO of TrueNoord stated: “These E190s are our first aircraft with Nordic Regional Airlines, the preferred partner of Finnair, and they bring our E-jet fleet to 28 fleet to aircraft of which 20 aircraft are Embraer E190s. The past six months have been exciting times for TrueNoord as we concentrate on our long term strategy and continue to expand our strong portfolio of young regional aircraft, with a good global spread and leased to experienced, market leading operators. As a specialist lessor, we are committed to the provision of dependable, modern aircraft that enable regional airlines to provide reliable services and aid passenger connectivity – we are very pleased to build our presence with such a renowned Nordic operator.”
Financing was provided under TrueNoord’s term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank, Barclays and ABSA Bank. Hogan Lovells advised TrueNoord on the transaction and Dentons supported GOAL.
Norra operates a significant part of Finnair’s domestic and European traffic with more than 50,000 flights annually. The company’s modern fleet includes 24 aircraft; 12 ATR turboprops and 12 E190s.
Image by Russell Lee