Lessor TrueNoord Delivers brand new planes to Alliance Air

LONDON – TrueNoord has delivered 2 planes to India’s Alliance Air.

The delivery

TrueNoord has successfully delivered 2 ATR 42-600s to Alliance Air, India’s only publicly listed airline.

Both aircraft will be joining the Alliance Air fleet based on a long-term operating lease, and it will serve domestic routes and specifically the more challenging ones in the Himalayas.

The aircraft was funded by TrueNoord’s new warehouse facility with Citibank, Société Générale Corporate & Investment Banking, Royal Bank of Canada, and NORD/LB.

“The collaboration between TrueNoord, Alliance, and ATR was very productive and led to a smooth transaction, completed in good time,” comments Lindeboom.

“Alliance is a very experienced ATR operator, and it was a pleasure working with them; we look forward to a long and fruitful partnership with their professional and knowledgeable team.”

Lindeboom continues: “The ATR42-600 is particularly well suited to serve the most remote and demanding airfields in the Himalayas, which feature both high elevation and short runways.”

“Furthermore, the ATR42 can operate with fewer payload restrictions than the ATR72 and lower trip costs, thus offering more flexibility and higher profitability on these underdeveloped routes.”

Vineet Sood, Chief Executive Officer of Alliance Air, added: “We are pleased to have the support of an experienced leasing partner in TrueNoord and appreciate their team’s expertise as we proudly continue on our mission to make the most inaccessible regions of India accessible.”

“We look forward to a long-lasting positive cooperation with TrueNoord as our business grows and evolves.”

“ATR is the leading turboprop manufacturer, and these two brand-new aircraft bring enhanced flexibility and choice to our growing fleet. These latest additions firmly establish the whole ATR family as a cornerstone of our portfolio of modern regional aircraft,” Lindeboom concludes.

“Alliance Air is our second customer operating in India alongside IndiGo; the successful delivery of these aircraft marks the expansion of TrueNoord’s footprint in this fast-growing aviation marketplace.”

“The addition of these versatile aircraft further supports True Noord’s ambition of bringing connectivity to some of the most remote regions of the world. In partnership with the experienced and reliable operator, Alliance Air, these aircraft will deliver essential services to the least accessible areas of the Himalayas,” says Carst Lindeboom, TrueNoord Sales Director – Asia Pacific

About Alliance Air

Alliance Air is an Indian regional airline based in Mumbai, Delhi, Bangalore, Kolkata, and Hyderabad.

Founded as Air India Regional in 1996, it has eventually become its own separate entity after the purchase of Air India by Tata Sons in 2022, as Tata Sons did not want to be the owner of the subsidiary.

Alliance Air operates with a large ATR fleet, 18 ATR 72-600 and the recently delivered ATR 42-600.

The airline is now planning to use those recently delivered ATR 42-600s to fly to their difficult-to-approach destinations in the Himalayas, such as the Himachal Pradesh region – which includes cities such as Dharamshala or Kullu – as these props are well-suited for that kind of operations.

About TrueNoord

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

They not only lease planes to airlines but also work together with many OEMs (Original Equipment Manufacturers), as well as MRO providers and technical resources.

A relatively young and modern lessor, they mostly lease out regional planes with a focus on Embraer E-jets.

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