TrueNoord acquires two E195 on lease to Azul

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

“We are extremely proud to add Azul to our list of customers,” said Garry Topp, sales director at TrueNoord with responsibility for the Americas. “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.”

Head of Aircraft Programs for Azul, Priscilla Branco, commented: “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.”

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

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 optimisation 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,” said Jim Liu, managing director of CCB Leasing (International) Corporation DAC registered in Dublin, Ireland.

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