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Nordic Aviation Capital leases milestone 1000th ATR aircraft to Air Nostrum

4-May-2012 8:15 AM

Nordic Aviation Capital (NAC), the largest lessor of ATR aircraft, stated it has become the owner of the 1000th aircraft off the Toulouse production line which is being formally handed over to Spanish regional carrier Air Nostrum on 03-May-2012. The ATR72-600 is the first of its type in NAC’s 100-plus ATR portfolio. NAC was awarded RFP from Air Nostrum to transact the aircraft in Sep-2011. NAC secured financing for the first of five ATR72-600s, all destined for the Iberia-backed regional carrier, from Deutsche Bank AG and KfW IPEX-Bank under a sale and lease back arrangement. Delivery of the remaining aircraft will follow from the end of May-2012 through to the end of Jul-2012. NAC has been leasing ATR aircraft since 2003 and currently has has 31 ATR42s and 55 ATR72s operating around the world with leading carriers such as Lufthansa Regional, Air Dolomiti, American Eagle, TRIP of Brazil, Air Arann, TACA and SATENA. [more - original PR]