EMBRAER S.A.

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TrueNoord transitions Embraer E190 to MAI

11/29/2021 | 07:04am

Singapore/Amsterdam -- TrueNoord, the regional leasing specialist, has finalised delivery of an Embraer E190 to MAI (Myanmar Airways International). The aircraft, based at Yangon International Airport, will service domestic routes across Myanmar and regional destinations in Southeast Asia.

The aircraft has been transitioned to MAI from previous TrueNoord lessee, Air Astana.

Carst Lindeboom, Sales Director - Asia Pacific, says that the Company is steadily expanding its footprint across Asia and the team is pleased to support MAI and the people of Myanmar in these difficult times.

"We're continually building new relationships and exploring the new regional aircraft leasing opportunities in the diverse Asian market. Countries and operators are dealing with the pandemic situation in a multiplicity of ways, and we have been creative in finding leasing solutions that support their operational and commercial requirements. So often regional aircraft are used to sustain crucial connectivity across complex geographical zones and distribute people and important supplies to remote areas. We are committed to help our airline customers deliver these essential services alongside rebuilding their commercial flight programmes. We look forward to the new cooperation with MAI."

U Kyaw Han, Deputy CEO of MAI affirmed the importance of building their route network and adds "Our pilots, cabin crew, maintenance crew and our staff are proud to take MAI's 3rd E190 to the skies and to serve our passengers with an enhanced flying experience. We look forward to a productive partnership with TrueNoord. The operation of the E190 marks yet another important milestone in MAI's fleet expansion strategy and domestic jet network growth. As the demand grows, we plan to scale up the frequency of our E190 operations on both domestic and regional routes.

About TrueNoord: TrueNoord is a fast-growing regional aircraft leasing company with offices in Amsterdam, Dublin, London, and Singapore. It is a full-service platform providing leasing and lease management services supported by extensive knowledge of aircraft finance to operators and investors worldwide in the regional aircraft sector. TrueNoord exclusively invests in latest technology turboprops and regional jet aircraft, with a deep understanding of the critical role of regional aircraft in linking remote locations to larger urban areas, providing a feeder service to major hubs, and fulfilling carriers' lower demand off-peak services in a growing global market.

TrueNoord is supported by cornerstone investors Freshstream, BlackRock, Aberdeen Standard and others. TrueNoord's fleet of new and young in-production aircraft covers different models in the 50 - 150 seat class, including: Embraer, Airbus, ATR, MHI-RJ, and De Havilland Canada.

See www.truenoord.com

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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