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 has issued an interim order to NAC, allowing the company…
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…
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…
