TrueNoord re-markets ATR 72-600 and leases to US-Bangla

TrueNoord, the specialist regional aircraft lessor, has placed an ATR 72-600 aircraft from its fleet on a new lease programme for 6 years with expanding Bangladeshi domestic and international operator, US-Bangla.

Previously under a running lease agreement with HOP! the aircraft supplements US-Bangla’s recent acquisition of new ATR 72-600s which now form the backbone of the airline’s modern regional fleet.

TrueNoord agreed on an early retirement of the aircraft at HOP! to assist them in the phase-out of their ATR fleet after HOP! decided to cease operations of the type earlier in 2019.

Anne-Bart Tieleman, CEO – TrueNoord says “Headquartered in Dhaka and flying to sixteen destinations, US-Bangla has a long history of operating regional aircraft across their domestic skies covering eight cities: Dhaka, Chattogram, Cox’s Bazar, Jashore, Sylhet, Saidpur, Rajshahi and Barishal. We are very pleased to support their fleet up-grade programme and work with them to develop extra capacity for an increasingly vibrant local market.”

“I am very pleased to add US-Bangla to our growing Asia Pacific customer portfolio” adds Carst Lindeboom, TrueNoord’s Sales Director – Asia Pacific. “TrueNoord’s aim is to contribute to the ambitious growth plans of this reputable airline and further support their development.”

TrueNoord is seeing significant growth across all parts of Asia and as air travel becomes more affordable and the regional airport infrastructure expands, this increase is set to continue. As Lindeboom points out “The economic and logistical benefits of turboprop aircraft provide the best solution where local geography is inhospitable and shorter runways are commonplace. Our portfolio of turboprops is operating across India, Bangladesh and South East Asia improving connectivity and commerce. Current and future customers throughout the region are supported by the experienced and professional team based in TrueNoord’s new Singapore representative office.”

22 October 2019