Nordic Aviation Capital Gets Temporary Financial Relief
US Bankruptcy Court has granted financially troubled Nordic Aviation Capital (NAC) approval to tap into US$170 million of debtor-in-possession (DIP) financing, allowing it to continue operations. The US Bankruptcy Court…
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…
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…
Nordic Aviation Capital Appoints As President Former GECAS Chief Norman Liu
Nordic Aviation Capital (NAC), the world’s largest regional aircraft lessor, has appointed Norman Liu as president with immediate effect, a move that comes after the lessor reported a US$2.36 billion…