TrueNoord increases footprint in Canada with the lease of two Embraer E175s to Air Canada

“North America is a growing market for TrueNoord and we are delighted to welcome Air Canada to our list of high-quality lessee airline customers in the region” comments Anne-Bart Tieleman, TrueNoord CEO

Amsterdam/Dublin/London/Singapore, 29 January 2024: Specialist regional aircraft lessor, TrueNoord, has purchased two Embraer E175s on lease with Air Canada. The recent closing of this transaction marks the completion of their acquisition of ten Embraer aircraft from Nordic Aviation Capital (NAC), first announced in January 2023.

The aircraft are already deployed across the Air Canada Express network which flies to over 70 destinations across Canada and the United States. Garry Topp, Sales Director – Americas at TrueNoord, comments: “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.”

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.