Industry Addendum: Leasing
TrueNoord attracts Blackrock as investor for Asian expansion
July 1st 2017
Regional aircraft lessor, TrueNoord, announced in June that funds managed by leading global asset manager, Blackrock, will be co-investing with Bregal Freshstream, in the its portfolio of leased aircraft. Read More »
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TrueNoord CEO, Anne-Bart Tieleman said: “The regional aviation sector is a highly specialized sub-sector of the wider aircraft leasing industry and we have built a strong presence in it. With the backing of Bregal Freshstream [from 2016] and our new investor, Blackrock, we are poised to accelerate the momentum we have generated to date as we look to expand into key growth markets such as Southeast Asia and Latin America. The demand for regional aircraft in these regions is booming.
“In the regional sector, we expect to see the continuation of the recent trends that have characterized the commercial jet area as a whole, including industry consolidation, rapid portfolio turnover and the application of innovative structures to enable capital market funds to provide sources of equity. We also anticipate that lessors will continue to trade aircraft briskly, which will allow new lessors like TrueNoord to grow our fleet.”
