CemAir leases two CRJ900s from TrueNoord

CemAir has signed long-term operating leases for both regional jets. Following transition from its previous lessee, the first aircraft in CemAir’s livery was integrated into the fleet in April, the second will be delivered in May. The aircraft remain funded by TrueNoord’s term loan warehouse facility with NORD/LB, Morgan Stanley, ABSA and Barclays. The lessor worked closely with dedicated regional aircraft remarketing agent, Airstream International, to finalise the lease agreements with CemAir.

The aircraft will be based in Johannesburg at OR Tambo International Airport and will complement CemAir’s existing fleet of twenty-two regional jets and turboprops deployed on domestic and regional routes that service popular tourist destinations and important commercial centres. “These are our first aircraft for CemAir and TrueNoord’s first aircraft leased into South Africa,” said Maarten Grift, sales manager for Africa, Middle East and CIS.

“We are very pleased to engage with a regional airline that is expanding its domestic and regional route network. We look forward to sharing their journey in the years ahead and sharing their successful growth strategy.”

Miles van der Molen, CEO & Founder of privately owned CemAir, said: “On behalf of the whole team I’d like to thank TrueNoord for its support with this seamless transition and we look forward to further developing our relationship.”