By Brazil Stock Guide – Brazilian aircraft manufacturer Embraer (NYSE: ERJ; B3: EMBR3) has secured a firm order for 20 E195-E2 jets from Dutch lessor TrueNoord, in a deal valued at $1.8 billion at list prices. The agreement also includes purchase rights for up to 30 additional aircraft — 20 more E195-E2s and 10 E175-E1s — marking the lessor’s first direct purchase from a manufacturer and a key milestone in its global expansion strategy.
CEO Anne-Bart Tieleman said the order “marks a new phase” for TrueNoord as it continues to grow as a specialized global leasing platform for next-generation, fuel-efficient regional jets. The company primarily invests in turboprops and regional jet aircraft — valued for their strong asset retention — including ATR, MHIRJ, Embraer, De Havilland, and the Airbus A220. Its strategy is built on a diversified, liquid fleet mix tailored to the needs of regional operators.
TrueNoord works closely with its airline customers — operators of aircraft between 50 and 150 seats — providing solutions-driven professional services that go beyond financial metrics. The lessor seeks to understand each client’s business model, route structure, and market focus, whether serving essential regional links, leisure routes, or business travel.
According to Arjan Meijer, CEO of Embraer Commercial Aviation, the deal “demonstrates strong confidence in the E2 family” and highlights rising demand for smaller, sustainable narrowbodies. “The E195-E2 offers exceptional performance and efficiency — the perfect choice for lessors and operators preparing their fleets for the future,” he said.
The partnership broadens Embraer’s footprint in the leasing market, as aircraft manufacturers compete to meet rising demand for efficiency and flexibility. Headquartered in Amsterdam, TrueNoord is backed by investors including Patria, BlackRock and Freshstream.