in Aerospace

TrueNoord leases five new ATR 72-600s to IndiGo

Posted 30 January 2019 · Add Comment

Specialist regional aircraft lessor, TrueNoord, has leased five new ATR 72-600s to InterGlobe Aviation Limited (IndiGo).


Courtesy TrueNoord


The first two aircraft were delivered at the end of December with the remaining three integrating with the fleet in the coming months. 

Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays. Hogan Lovells advised TrueNoord on the transaction and Norton Rose Fulbright for IndiGo. Milbank, Tweed, Hadley & McCloy LLP represented TrueNoord and Clifford Chance advised the banks on the financing side of the transaction.

Anne-Bart Tieleman, CEO – TrueNoord, commented: “These brand new ATR 72-600s delivered to IndiGo are the first regional aircraft delivered into India by TrueNoord, so it is an important milestone for us. They bring our portfolio of new ATRs to nine and will increase our fleet of regional aircraft to 34. The past few 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. We are very proud to support IndiGo’s domestic operation which is going from strength to strength.”

TrueNoord is expanding its leased fleet presence across Asia and this latest deal for five new ATRs follows the recent purchase of four new ATR 72-600s leased to Wings Air in Indonesia in November, and two Embraer E190 regional aircraft operated by Mandarin Airlines in May last year.

Tieleman concluded: “India relies on regional air transport to do business, connect to education, healthcare, and support families - especially in far-flung areas of the country - and IndiGo delivers this vital access. TrueNoord are committed to the provision of dependable, modern aircraft that enable regional airlines to provide these essential services. We doubled our team in 2018 and are on course to further grow our fleet in 2019.”

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

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Aircraft order backlog offers longer-term reassurance in challenging 2020

Figures for January and February aircraft orders and deliveries show 314 aircraft orders, the largest January-February in the last six years and a 471% increase on the same period last year.

Airbus supplies face masks to support fight against COVID-19

Airbus has deployed a new air-bridge flight between Europe and China to deliver additional face mask supplies to France, Germany, Spain and United Kingdom health systems, in support of the COVID-19 crisis efforts.

UK aviation industry calls for more Government support

Almost 40 cross-party Members of Parliament have written to the Chancellor of the Exchequer - backed by the the Airport Operators Association (AOA) and Airlines UK - to call for more support for the UK aviation industry to deal with the

ADS members join VentilatorChallengeUK consortium

Today it was announced that the UKs aerospace, automotive and medical sectors have come together within the VentilatorChallengeUK consortium, to produce 10,000 medical ventilators.

Osprey CSL launches Osprey KIDS

Aviation consultancy Osprey Consulting Services Limited (CSL) has created a dedicated website providing aviation-based home learning, activities and resources for parents and children, called Osprey KIDS.

Chapman Freeborn responds to heavy demand from China

Over the past 48 hours, global charter broker company Chapman Freeborn has experienced a surge in cargo charter requests for humanitarian cargo and medical supplies (typically N95 respirators) from China into Europe and Africa.

ODU 0201311219
See us at
SMI favws BT06020406203CDSE BT2702150720DVD 2020