in Aerospace

TrueNoord acquires two E195s on lease to Azul

Posted 11 January 2019 · Add Comment

Regional aircraft leasing specialist TrueNoord has acquired two Embraer E195s on lease to Azul Linhas Aéreas Brasileiras S.A.



Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays. Legal services were provided by Hogan Lovells and Stek.

Garry Topp, Sales Director at TrueNoord with specific responsibility for the Americas, commented “We are extremely proud to add Azul to our list of customers. They are an award-winning South American airline with a significant presence in the Latin American regional aviation sector.  Azul is committed to developing regional aviation and upgrading their fleet and so we look forward to a successful long-term relationship.”

Priscilla Branco, Head of Aircraft Programs for Azul, highlights the airline’s requirement for regional leasing expertise. “These two aircraft signify the start of a relationship with TrueNoord. We welcome working with a specialist lessor of regional jets as we continue the development of this important part of our business.”

The aircraft were purchased with leases attached from CCB Financial Leasing Corporation Ltd. “CCB Leasing is very pleased to have taken a further step into the optimization of our lease portfolio, widening our business relationship with the global aircraft leasing industry. We enjoyed dealing in this swift and successful transaction with Truenoord” added Jim Liu, Managing Director of CCB Leasing (International) Corporation DAC registered in Dublin, Ireland.

TrueNoord is an aircraft leasing company with offices in Amsterdam, London and Dublin.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

USAF Academy selects Merlin flight simulators

The USAF Academy, Colorado, have ordered four new simulators for their teaching facility from the Merlin Flight Simulation Group in the UK.

SAMI acquires AEC

Saudi Arabian Military Industries (SAMI) has announced the signing of a Term Sheet Agreement to acquire 100% ownership in Advanced Electronics Company (AEC), which took place at a Saudi Arabia–UK industry event in London in the

Royal Thai Air Force is first international T56 upgrade customer

The Royal Thai Air Force has become the first international customer to update its C-130H transport fleet with the Rolls-Royce T56 Series 3.5 engine upgrade.

BAE Systems launches Hunter Class prototyping phase bid process

BAE Systems Australia is today launching the process to bid for work on the Hunter Class Frigate Programme’s prototyping phase.

Cobham wins Airbus innovation award

Last week at the Paris Air Show, Cobham Aerospace Communications Dourdan was presented with an innovation award by Airbus Helicopters, for their integrated antenna technology.

Edinburgh Airport has its busiest May

A total of 1,381,187 passengers travelled through Edinburgh Airport last month making it the busiest May on record.

See us at
SMI FAV BT1006141119ADSS1000DBT1706171019DSEI JP BT1605201119SMI ActiveP BT1206121119SMI GMS BT1906071119VIDSE BT1605060320