Specialist regional aircraft lessor, TrueNoord, has announced the appointment of aviation finance expert, Florian van Vugt, in the new role of Corporate Finance Manager.
Based at TrueNoord’s Amsterdam office, Van Vugt will manage debt structuring and refinancings as well as drive strategic initiatives to diversify the lessor’s funding base. He will also support the development of TrueNoord’s long-term relationships with financing providers including banks, institutional investors, capital market investors and rating agencies.
Van Vugt explains that it is TrueNoord’s forward-thinking approach and ambitious growth plans that attracted him to the Company. “Even before joining the team, TrueNoord made a strong impression on me as a dynamic and progressive business. Its fleet of turboprops and regional jets are essential for maintaining connectivity on thinner routes to remote communities or in challenging geographies. These aircraft also play a pivotal role in the broader network strategies of several long-haul carriers, making them indispensable to the aviation industry.”
With previous experience working in both aviation finance and strategy consulting in Europe and Asia, Van Vugt has a comprehensive understanding of the aviation industry’s financial and strategic dynamics. “I’m pleased to be joining TrueNoord at such a monumental time, with the team recently having acquired its 100th aircraft. I look forward to working closely with my colleagues to evaluate debt terms in relation to acquisitions, sales, and lease transactions, bringing a dual focus on financial rigour and strategic foresight to the team.”
Paul Murphy, TrueNoord CFO, affirms that Van Vugt is a great match for TrueNoord. “We welcome Florian to the team, further strengthening our financial leadership. His appointment brings a wealth of both aviation and banking experience into the business through his proven track record of managing complex financial transactions. He will be a great asset in driving TrueNoord’s continued growth and success.”
