newstodate.aero
Oct 16, 2018 (newstodate): The Danish aircraft lessor Nordic Aviation Capital has gained even more muscles by adding a new strong minority shareholder, GIC, to further support growth ambitions.
Set up in 1981 to manage Singapore's foreign reserves, Singapore's sovereign wealth fund GIC will join NAC's founder, Martin Moller and EQT VI as a significant minority investor in NAC through a partial sale by the existing shareholders and infusion of new capital to further strengthen NAC's balance sheet.
In August 2015, NAC entered a partnership with the Danish investment company EQT VI that took 50 percent of the stake in company set up by Mr Moller in 1990, injecting fresh capital for coming expansions, and this latest inclusion of a new minority shareholder will further add power to NAC as the world's leading regional lessor.
NAC's current fleet consists of 468 owned and managed aircraft, securing NAC a position as the largest owner and lessor of both ATR and Bombardier aircraft in the world.
Set up in 1981 to manage Singapore's foreign reserves, Singapore's sovereign wealth fund GIC will join NAC's founder, Martin Moller and EQT VI as a significant minority investor in NAC through a partial sale by the existing shareholders and infusion of new capital to further strengthen NAC's balance sheet.
In August 2015, NAC entered a partnership with the Danish investment company EQT VI that took 50 percent of the stake in company set up by Mr Moller in 1990, injecting fresh capital for coming expansions, and this latest inclusion of a new minority shareholder will further add power to NAC as the world's leading regional lessor.
NAC's current fleet consists of 468 owned and managed aircraft, securing NAC a position as the largest owner and lessor of both ATR and Bombardier aircraft in the world.