TrueNoord has closed the first tranche of a term financing facility with DVB bank and PK AirFinance covering four of the six Embraer E190 aircraft that it purchased from BOC Aviation in January 2017, while the financing for the other two closed in June'17.
The four aircraft are operated by AeroMexico and TUI (Jetairfly) Belgium. Two aircraft are operated by Air Astana.
Milbank acted for TrueNoord as lessor’s counsel while Clifford Chance represented DVB Bank and PK AirFinance.
