The global, regional aircraft lessor TrueNoord has successfully delivered two new ATR42 aircraft to the Indian airline Alliance Air. These aircraft will allow the airline to better serve less accessible regions in the Himalayas.
TrueNoord’s new delivery to Alliance Air
TrueNoord, an international aircraft leasing company specializing in regional aircraft, has successfully delivered two factory-new ATR42-600 aircraft to Alliance Air, India’s only public airline. These new aircraft are joining the airline’s fleet on a long-term operating lease.
The aircraft, acquired from Franco-Italian manufacturer ATR, was funded through the lessor’s new partnerships with Citibank, Société Générale, the Royal Bank of Canada and NORD/LB. This new acquisition establishes ATR as a cornerstone of their portfolio.
The Indian airline will use the new aircraft to serve domestic routes within India. The airline has a long experience operating ATR aircraft and is TrueNoord’s second Indian customer alongside IndiGo.
“The collaboration between [us], Alliance and ATR was very productive and led to a smooth transaction, completed in good time,” said Carst Lindeboom, TrueNoord’s Sales Director Asia Pacific. “Alliance is a very experienced ATR operator, and it was a pleasure working with them. We look forward to a long and fruitful partnership with their professional and knowledgeable team.”
“ATR is the leading turboprop manufacturer, and these two brand-new aircraft bring enhanced flexibility and choice to our growing fleet,” Lindeboom added. “The successful delivery of these aircraft marks the expansion of [our] footprint in this fast-growing aviation marketplace.”
Serving less accessible regions in the Himalayas
Alliance will use the new ATR42 aircraft to serve the most remote and demanding airfields in the Indian Himalayas, which are challenging to access due to their high elevation and short runways.
The ATR42 is better suited to serve these remote regions than the ATR72 that Alliance has been using before. It can also operate with less payload restrictions and lower trip costs. The higher flexibility and profitability offered by these features will allow the airline to better serve these underdeveloped routes and provide essential services to less accessible areas.
“We are pleased to have the support of an experienced leasing partner in TrueNoord and appreciate their team’s expertise as we proudly continue on our mission to make the most inaccessible regions of India accessible. We look forward to a long-lasting positive cooperation with [them] as our business grows and evolves,” said Alliance’s CEO Vineet Sood.
“The addition of these versatile aircraft further supports [our] ambition of bringing connectivity to some of the most remote regions of the world,” Lindeboom added.
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