Nordic Aviation Capital reinforces its partnership with ATR with the acquisition of 7 ATR 42s
23 July 2010
Nordic Aviation Capital (NAC) and ATR sign a contract for the purchase of 7 ATR 42s from the turboprop manufacturer’s portfolio, announced at the 2010 Farnborough Air Show. This marks the fourth agreement between the two companies in less than ten months.
This press release was issued by ATR on 20 July 2010 at the Farnborough Airshow.
http://www.atraircraft.com/public/atr/html/press/releases-details.php?aid=1128#_
Farnborough, 20 July 2010
Nordic Aviation Capital reinforces its partnership with ATR with the acquisition of 7 ATR 42s appoints
Danish regional aircraft leasing specialist Nordic Aviation Capital (NAC) and ATR reinforce their relationship with the signature of a contract for the purchase of 7 ATR 42s from the turboprop manufacturer’s portfolio, announced today at the Farnborough Air Show. This marks the fourth agreement between the two companies in less than ten months.
Privately-owned NAC is a world leader in turboprop leasing. It currently has 137 aircraft on lease to operators worldwide – 82 of which are ATR aircraft, making NAC the largest ATR lessor in the world.
Martin Møller, NAC Founder and Chairman of the Board commented: “ATR aircraft have been in our portfolio since the start of our development as a regional aircraft lessor. Stable values, a strong revival of interest in turboprops and strong market penetration is making the ATR a very popular aircraft in the market today. We are looking forward to expanding our fleet further with the acquisition of additional aircraft and financing further ATR aircraft deliveries.”
Filippo Bagnato, Chief Executive Officer of ATR commented: “ATR and NAC have been growing faster than ever since the turboprop resurgence started in 2005, and this growth has stemmed from our close co-operation. ATR is proud to benefit from the recognition of such a major player in the regional aviation sector and aims to further increase this co-operation in the near future.” He concluded: “NAC is confirming strong interest of lessors for turboprops, owing to high reliability and a high residual value.”
About Nordic Aviation Capital
Nordic Aviation Capital, was established in Denmark in 1990 and is headquartered in Billund, Denmark. NAC is dedicated to the worldwide sale, purchasing and financing of commercial turboprop and jet aircraft. The organisation has over 130 aircraft on lease worldwide and continues to expand its portfolio.
The company has regional offices in the US, Ireland, Singapore, France, Canada, Switzerland and United Kingdom, providing aircraft to established carriers such as American Airlines, US Airways, Lufthansa, SAS, TAM, TACA and Air France affiliates.
About ATR
Formed in 1981, ATR has grown to become the world’s leading manufacturer of advanced 50 to 74 seat regional turboprop aircraft.
ATR is a joint venture and equal partnership between major European aerospace companies Alenia Aeronautica (a Finmeccanica company) and EADS.
ATR’s headquarters are in Toulouse, southern France. In 2009 the company generated a record turnover of US$1.4 billion (€1.1 billion).
ATR has sold more than 1,000 ATR 42 and ATR 72 aircraft, which are used by over 150 operators in 80 countries. These have accumulated a total of around 18 million cycles.
ATR is certified to ISO 14001, the worldwide standard for environmental management and sustainability.
www.atraircraft.com