Nordic Aviation Capital Writes Down Value Of Its Aircraft Portfolio By Nearly A Third
Nordic Aviation Capital (NAC), which is currently in Chapter 11 bankruptcy protection, has disclosed to the US Bankruptcy Court that it has written down the value of its aircraft portfolio by nearly a third, adding that this has caused the…
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 involves transferring debt into equity in the company. The lessor’s…
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 the aviation sector is an all-time low, making the debt-for-equity…
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…
