TrueNoord Purchases Two Embraer Jets on Lease with Air Canada

TrueNoord Purchases Two Embraer Jets on Lease with Air Canada
BriYYZ from Toronto, Canada, CC BY-SA 2.0 , via Wikimedia Commons

TrueNoord has this week announced the purchase of two Embraer E175s on lease with Air Canada from Nordic Aviation Capital.

It is understood that the transaction of this sale has recently closed between the two lessors, but are not expected to affect the operations of the Canadian carrier.

Without further ado, let’s get into it…

TrueNoord Purchases Two Embraer Jets on Lease with Air Canada…

TrueNoord Purchases Two Embraer Jets on Lease with Air Canada
BriYYZ from Toronto, Canada, CC BY-SA 2.0, via Wikimedia Commons

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Garry Topp, Sales Director – Americas at TrueNoord said the following on the deal which includes the two Embraer E175s currently on lease with Air Canada:

“We are very pleased to further expand our footprint by adding two Air Canada operated E175s to our portfolio. These aircraft represent the first E175s in our fleet and our second lessee in the country.

“Air Canada is a respected flag carrier and the country’s largest airline, known for its strong operational performance and comprehensive route network.”

“We are very proud to welcome them to the TrueNoord lessee family and look forward to building a strong and long-term relationship with their team.”

The lessor also gave an update on how things are going from December 2023:

“In December 2023, TrueNoord announced its entry into a further portfolio trade for 11 aircraft from NAC, which will grow their fleet to 87 turboprops and regional jets.”

“The transaction sees TrueNoord induct new Australian and European lessee airlines, as well as increase its aircraft placed with existing North American airline customers, including Air Canada.”

“The integration of three additional E175s leased to Air Canada is targeted for completion during Q1 2024.”

All eyes will be on how these arrangements will go for them.

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