TrueNoord has purchased a portfolio of seven ATR 72-600s from GOAL, marking their 100th aircraft acquisition. The investment in the additional aircraft shows the companies continued expansion plans and growth.
The complete integration of these aircraft was finalised last week, with all seven ATR 72-600s on lease to European carriers. Four flying for Air Serbia, two with Irish based carrier, Emerald Airlines , and one with Greek operator Olympic Air. With Air Serbia being the lucky airline to show off TrueNoord’s centurion aircraft MSN 1159.
Anne-Bart Tieleman, founder and CEO of TrueNoord said: “Our focus is on building and sustaining a fleet of latest technology aircraft that enhance our lessees’ operations, delivering fuel economy and dispatch reliability.”
“We are very pleased that our OEM partners – Embraer, ATR, de Havilland Canada, and Airbus – share this vision. We cooperate closely to grow and develop the turboprop, large regional jet and small narrowbody sector for the benefit of all operating within it and the communities we collectively serve.”
Ahmed Ali, Sales Director at TrueNoord commented on the press release, talking about their relationship with GOAL, saying: “It has been a pleasure working with GOAL on this deal,”
“Their professionalism and cooperation have made this process smooth and efficient. We are very pleased to have added these ATR72-600 aircraft to our portfolio and further expand our lessee base in Europe. We look forward to building strong, long-term relationships with our new lessees and contributing to their continued success.”
Andreas Schneider, Director of Sales & Marketing at GOAL, responded to these comments by stating: “Facilitating this transaction with TrueNoord exemplifies our commitment to delivering high-value, sustainable aviation investments for KGAL’s funds. Our exclusive role as asset manager for KGAL’s aviation portfolio enables us to create attractive returns for investors while supporting airline fleet development across Europe.”
Impressive Growth For TrueNoord
The lessor has seen an impressive and continuous growth in its customers and fleet with it continuing to build new and strong connections across global markets. As the company continues to grow company CEO Tieleman, says that the bigger you grow the bigger the deals you can do. But he acknowledges that “you need the infrastructure to manage this effectively, and right-minded people who understand the business ethos”. He says that the growth they have continued to see over the years has been a testament to the staff and employees working for the company.
TrueNoord now employs around 37 people across it’s four office locations in London, Dublin, Singapore and Amsterdam, with the number set to rise as the company looks at expanding its presence in the North American region in 2025. He added: “These are exciting times for TrueNoord, and I am grateful for the enthusiasm of our team who are shaping our journey with their diligence, passion and fresh ideas.”
New Markets As Demand Grows
The company has perfectly positioned its self to be at the forefront of the continues demand and growth of regional flights, as the ever growing need for air travel starts to return following the COVID-19 dips and restrictions. Airlines are now looking at all options available in order to meet the demands, for more modern, fuel efficient and cost effective aircraft.
With some airlines struggling in the U.S in recent years, there could be a move for new airlines to start up in their place, with gaps slowly appearing in regional market operations, and with TrueNoord seeing a steady ramp-up in the North American reach, the company seems to be perfectly placed to help make possibilities of this a reality, with leased planes offering new and established airlines, lower overhead costs and starting capital being required.
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