TrueNoord has completed the purchase of seven ATR 72-600 aircraft from German asset manager, GOAL Aircraft Leasing, acting on behalf of KGAL.
The investment in turboprops increases TrueNoord’s fleet to over 100 aircraft and brings three new European lessee airlines into the TrueNoord portfolio, expanding their footprint across the Continent.
The complete integration of the aircraft finalised last week. All seven ATR 72-600s are on lease to European carriers; four flying with Air Serbia, two with Emerald Airlines based in Ireland, and one with Greek operator Olympic Air. Making the century for TrueNoord is MSN 1159 flying with Air Serbia.
“As a lessor we set out to support the regional aviation market and work in partnership with those airlines that service this sector,” said Nigel Turner, Chairman of TrueNoord. “In order to pursue growth, we have steadily developed our highly experienced team and established a global presence in Europe, Asia, Africa, and the Americas. We are proud of the support we receive from our stable group of equity investors, Freshstream, BlackRock, abrdn / PATRIA, and the wider international banking community.”
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