Dublin based Nordic Aviation Capital (NAC) has signed a sale agreement for four E170s and twenty E190 aircraft with Falko Regional Aircraft Limited (Falko) on behalf of its managed fund, Falko Regional Aircraft Opportunities Fund II.
Falko is an asset management company and aircraft lessor focused solely on the regional aircraft market.
NAC, founded in 1990 in Denmark, initially focused on turboprops for 25 years before expanding into regional jets from 2015 to 2020.
In January 2020, the company relocated to a new headquarters in Ireland, where its fleet value reached approximately $7 billion with over 500 aircraft owned, managed, and committed.
Due to the pandemic crisis, financial restructuring was undertaken in late 2021, resulting in the establishment of a new senior management team, ownership group, and Board of Directors.
By June 2022, NAC had successfully emerged from the restructuring with a significantly improved balance sheet, 370 aircraft owned, managed, and committed with assets of over $3 billion and significantly reduced debt.
