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 company EQT, Danish investment company Kirkbi and the Singapore Government’s…
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 Bankruptcy Court for the Eastern District of Virginia show that…
Garuda Indonesia Returning 12 Bombardier CRJ1000s To Nordic Aviation Capital Before Leases Expire
Indonesia’s minister of state-owned enterprises has announced that national carrier Garuda Indonesia will be returning 12 Bombardier CRJ1000s to the lessor Nordic Aviation Capital (NAC) before the leases expire. The leases were due to continue until 2027, but the airline…
