Loading
19-Jan-2010 9:55 AM

Nordic Aviation Capital enters USD100 million revolving investment facility with KIRK Aviation

Nordic Aviation Capital (NAC), the world’s largest turboprop lessor, entered (18-Jan-2010) a USD100 million revolving investment facility with Denmark’s KIRK Aviation, a subsidiary of KIRK Kapital. The deal is NAC’s second investment transaction with KIRK Aviation, following their joint investment of 39 ATR72s leased to American Airlines in 2008. [more]

NAC: “We have increased the portfolio to over 130 aircraft and our mainstay ATR, Fokker 50, Saab, ATR and Dash 8 fleet now includes several Boeing 737s and Bombardier CRJs. NAC has also concluded a number of lease renewals in the past few months – at longer renewal terms than anticipated. We are seeing that many airlines are being cautious holding on to a fleet type they are comfortable with in these turbulent times and that situation is good for us,” Martin Møller, Chairman. Source: NAC, 18-Jan-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More