Amsterdam/London/Dublin – 11th January 2019: 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.”
Priscilla 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.
TrueNoord is an aircraft leasing company with offices in Amsterdam, London and Dublin. It provides leasing and lease management services to operators and investors in the regional aircraft sector. TrueNoord is supported with investment from cornerstone investors Bregal Freshstream, BlackRock, Aberdeen Asset Management and others. The Company is solely focused on regional jets and turboprop aircraft. See truenoord.com
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of cities served, offers 773 daily flights to 110 destinations. With an operating fleet of 123 aircraft and more than 11,000 crewmembers, the Company has a network of 219 non-stop routes as of December 31, 2018. In 2018, Azul was awarded best airline in Latin America by TripAdvisor Travelers’ Choice and by Kayak’s Flight Hacker Guide, and also best regional carrier in South America for the eighth consecutive time by Skytrax. Azul also ranked as most on-time airline in Brazil in 2018 according to FlightStats. For more information visit www.voeazul.com.br.
