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Airlines

Name: NORDIC AVIATION CAPITAL
7JetSet7 Code: NDC
Status: Operational
Region: EUROPE
City: STOCKHOLM
Country: SWEDEN
Employees 27
Web:
Email:
Telephone:
Fax:
Sita:
Background
(definitions)

JET AIRPLANE LEASING COMPANY.

January 2017: Danish regional aircraft lessor Nordic Aviation Capital (NDC) has completed the acquisition of 2 ATR 42-600 and 23 ATR 72-600s from USA-based Air Lease Corporation (ALE).

Since undergoing a change of ownership, (NDC) has been highly acquisitive and is acquiring the ATRs, as well as 25 Embraer E175 and E190 aircraft, from (ALE) among a raft of other deals.

(NDC) Chairman Martin Møller announced the ATR deal, which was completed January 5, 2017.

Møller added the aircraft bring with them an “impressive client list” of 9 airlines. The 25 ATRs increase (NDC)’s total fleet to 380 aircraft, which are placed with >70 airline customers.

At the time of the original announcement in January 2016, Air Lease (ALE) said the ATRs had “served it well,” but turboprops represent <5% of its portfolio and it was disposing the fleet to focus on jets.

(NDC) has been on an acquisition spree since company founder Møller sold a majority stake to Swedish private equity group (EQT) in summer 2015, giving the lessor the financial muscle it needed to grow.

October 2017: Azul Brazilian Airlines (AZL) is selling 10 ATR 72-600 turboprops to Nordic Aviation Capital (NDC), in a move to renew its fleet and reduce its debt by about -$103 million. The 1st 5 aircraft are expected to exit (AZL)’s fleet in 2017, followed by the rest in early 2018. (AZL) will end 2017 with 35 ATRs. The deal also involves (AZL) adding 3 new ATR 72-600s under operating leases.

Fleet:
(definitions)

December 2017:

0 737-200 (JT8D), LST (VSP).

0 747-200, LST (TOW).

1 ATR 42-600, AIR LEASE CORPORATION (ALE) LEASED 2017-01.

23 ATR 72-600, AIR LEASE CORPORATION (ALE) LEASED 2017-01.

25 EMBRAER E175 & E190, AIR LEASE CORPORATION (ALE) LEASED 2017-01.

Management:
(definitions)

MARTIN MOLLER, CHAIRMAN, NORDIC AVIATION CAPITAL (NDC).

JOHAN CLAESSON, TECHNICAL MANAGER.

 
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