newstodate.aero
Dec 18, 2018 (newstodate): The Danish aircraft lessor Nordic Aviation Capital has obtained fresh capital to bolster its business development.
Denmark’s largest customer-owned pension company PFA has entered into a financing agreement with NAC comprising a USD 470 million loan to further strengthen NAC’s funding profile and capital base.
This comes after an earlier agreement signed in October 2018 with Singapore's sovereign wealth fund GIC joining 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 some 500 owned and managed aircraft, securing NAC a position as the largest owner and lessor of both ATR and Bombardier aircraft in the world.
Denmark’s largest customer-owned pension company PFA has entered into a financing agreement with NAC comprising a USD 470 million loan to further strengthen NAC’s funding profile and capital base.
This comes after an earlier agreement signed in October 2018 with Singapore's sovereign wealth fund GIC joining 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 some 500 owned and managed aircraft, securing NAC a position as the largest owner and lessor of both ATR and Bombardier aircraft in the world.