News and press

NAC completed the closing of the first ever turboprop JOLCO financing for a lessor

2 June 2016

Nordic Aviation Capital (NAC) is pleased to confirm that it has completed the closing of the first ever turboprop JOLCO financing for a lessor. The aircraft, an ATR 72-600, was delivered to NAC in May 2016 and financed with a JOLCO arranged by FPG AIM and with the equity arranged and underwritten by FPG. The senior loan was arranged by DVB Bank and Korea Development Bank, who are also the lenders in this landmark transaction together with the Development Bank of Japan. Clifford Chance acted as advisers for NAC and Nishimura and Asahi for FPG whilst Allen & Overy represented the banks

About Nordic Aviation Capital

NAC is the industry’s leading regional aircraft lessor serving over 50 airline customers in 35 countries. The company provides aircraft to well-established carriers such as Air Canada, British Airways, LOT, Air Berlin, Azul, Garuda, Flybe, HOP!, air Baltic and Olympic Air as well as major regional carriers including Air Nostrum, Widerøe, Jet Time, Etihad Regional, Binter and Air KBZ. NAC’s current fleet of over 300 owned and 48 managed aircraft includes, ATR 42, ATR 72, Bombardier Dash 8, CRJ900, CRJ1000, E170, E 175, E190 and E195. In addition, the group has a further 69 aircraft on firm order. NAC is the largest owner and lessor of both ATR and Bombardier aircraft in the world.

For additional information, please visit us at www.nac.dk

Contact:
Jim Murphy
Chief Commercial Officer
Phone: +45 7651 1200
Email: marketing@nac.dk