Nordic Aviation Capital Working To Get More Creditors To Agree To Debt-To-Equity Plan
Nordic Aviation Capital (NAC), which has the support of about 73% of holders of its funded debt, is trying to get more to agree to its financial turnaround plan that…
Japan’s Oriental Air Bridge Replacing De Havilland Aircraft of Canada Dash 8-200s with ATR 42-600s
Japanese domestic carrier Oriental Air Bridge is replacing its 39-seat De Havilland Aircraft of Canada Dash 8-200 fleet with ATR 42-600s starting next year. The Nagasaki-based carrier says in a…
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…
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…
Philippine Airlines De Havilland Aircraft Dash 8-400 Veers Off Runway In Cebu
Philippine authorities are investigating an incident today in which a Philippine Airlines (PAL) De Havilland Aircraft of Canada Dash 8-400 came off the runway and onto soft ground. The runway…