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.”
Key data points: The growth forecast = 38.7% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in eVTOL aircraft market to 2031 by propulsion type (battery-electric, hybrid-electric, and hydrogen-electric), mode of operation (piloted, autonomous, and semi-autonomous), lift technology (vectored thrust, multirotor, and lift plus cruise), application (commercial, military, emergency medical service, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesPriscilla 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.
