TrueNoord places firm order for 20 Embraer E195-E2 jets

TrueNoord, the specialist regional aircraft leasing company, has signed a firm order agreement with Embraer to acquire 20 factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to 20 additional new E195-E2 aircraft and up to 10 new E175-E1 aircraft. At list price, the firm order is valued at $1.8 billion.

“This landmark agreement represents TrueNoord’s first direct order with an aircraft manufacturer – a milestone in the company’s journey,” comments Anne-Bart Tieleman, CEO of TrueNoord. “It marks an important stepping stone in our continued growth as a global leasing platform, underlining our commitment to investing in next-generation, fuel-efficient regional jets.

“The Embraer E-Jets combine efficiency, flexibility and performance, making them ideally suited to TrueNoord’s customers around the world. Partnering with Embraer allows the business to further strengthen its offering and support airlines with aircraft that deliver superior economics and environmental benefits.”

Arjan Meijer, CEO of Embraer Commercial Aviation, comments, “This first direct order from TrueNoord is a strong endorsement of the E2 family’s capabilities and success in the market, and a testament to the trust and collaboration between our teams. The E195-E2 delivers exceptional performance and efficiency, making it the ideal choice for lessors and operators looking to future-proof their fleets. This agreement also sends a strong signal to the market – reinforcing the momentum behind next-generation small narrowbody aircraft and the growing demand for sustainable, right-sized aircraft."

TrueNoord is a specialist full-service regional aircraft lessor providing leasing, financing, fleet transition, and asset management solutions in the 50 to 150 seat capacity range to airlines globally. Its multi-cultural workforce reflects the global markets it serves and includes core competencies in aviation finance, aviation law, aircraft maintenance, marketing, sales, and leasing.

TrueNoord currently owns a fleet of more than 100 latest-technology turboprop, regional jet, and crossover aircraft on lease to more than 30 operators across 24 countries. These link remote locations to larger urban areas, provide a feeder service to major hubs, and fulfil carriers’ lower demand off-peak services in the growing global market.

The company is supported by cornerstone investors Freshstream, BlackRock, Patria, and others. Headquartered in Amsterdam, TrueNoord also has offices in Dublin, London, and Singapore.

Embraer, a global aerospace company headquartered in Brazil, manufactures aircraft for commercial and executive aviation, defense & security, and agricultural customers. The company also provides after-sales services & support through a worldwide network of wholly owned entities and authorized agents.

Since it was founded in 1969, Embraer has delivered more than 9,000 aircraft. On average, about every 10 seconds, an aircraft manufactured by Embraer takes off somewhere worldwide, transporting over 150 million passengers a year.

Embraer manufactures commercial jets with up to 150 seats and is the leading exporter of high-value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia, and Europe.