ANALYSIS: Why Buying Financially-Troubled Nordic Aviation Capital May Be A Good Bet In the Current Market
Moves by two New York investment funds to gain control of aircraft lessor Nordic Aviation Capital (NAC) comes at a time when stock markets are at an all-time high and…
Taiwan’s Mandarin Airlines Phasing Out Embraer Fleet Early
China Airlines’ regional subsidiary Mandarin Airlines is ending its Embraer passenger operations at the end of the year and instead relying on Airbus A320s and ATR 72s to serve smaller…
Japan’s MHI Sells Factory That Was Producing Empennages For Mitsubishi SpaceJet
Story updated to say entire factory was sold and added comments from MHI spokesman. A factory near Nagoya that Mitsubishi Aircraft had been using to manufacture the empennage for the…
French Polynesian Govt Approves Another Airline Start-Up
French Polynesia has approved another new domestic airline Natireva, also known as Air Moana, which plans to start as soon as April using ATRs. The government says in a statement…
Nordic Aviation Capital’s Largest Creditors To Take Control Of Lessor Following Chapter 11 Bankruptcy
Nordic Aviation Capital’s (NAC) largest creditors are to take control of the heavily indebted aircraft lessor, dealing a blow to the existing shareholders: NAC founder Martin Møller Nielsen, Swedish investment…
Lessor Nordic Aviation Capital Files For Chapter 11 Bankruptcy
Nordic Aviation Capital, the world’s largest regional aircraft lessor, has filed for Chapter 11 bankruptcy in the US in an effort to restructure its debts. Documents filed with the US…