Nordic Aviation Capital A/S (“NAC”) and KIRK Kapital A/S announced an agreement for a sale and leaseback transaction with AMR Leasing Corporation (a wholly-owned subsidiary of AMR Corporation) for 39 ATR 72 aircraft operated by Executive Airlines. AMR Leasing Corporation will sell the 39 ATR 72 aircraft to an entity that will lease the aircraft to NK Aviation Limited, Ireland, a newly formed joint venture between NAC and Kirk Kapital A/S. Executive Airlines will lease the aircraft back through a sublease structure and will continue to be the operator of the aircraft. NAC will be the servicer for the aircraft.
AviTrader sponsorship ad
NAC and AMR sign sale and leaseback agreement
Share this Article
Friday September 13, 2024
Boeing workers have initiated a strike following the rejection of a tentative deal that included a 25% pay rise. The strike, which began at midnight Pacific Time (07:00 GMT) on Friday, saw over 30,000 workers in Seattle and Portland downing their tools. This s... Read More »
Friday September 13, 2024
International Airlines Group (IAG) has announced the appointment of Rafael Jiménez Hoyos as the new CEO of LEVEL, IAG's long-haul airline based in Barcelona. The appointment will take effect on October 1, with Hoyos succeeding Fernando Candela, who is retirin... Read More »
Friday September 13, 2024
Skyservice Business Aviation (Skyservice) celebrated the grand opening of its new Seattle business jet centre this week at King County International Airport – Boeing Field (BFI), with industry peers, clients, and dignitaries in attendance. “Seattle is a dy... Read More »
Friday September 13, 2024
Volar Air Mobility and Etihad Aviation Training (EAT) signed a memorandum of understanding (MoU) to enhance cooperation on advanced electric aircraft operations. The agreement aims to leverage both organisations' expertise through information exchange and join... Read More »
Friday September 13, 2024
ZeroAvia has announced the extension of its Series C financing round, reaching a total of $150m, with a £20m (US$26.20m) investment coming from the SIB (Scottish National Investment Bank), joining previous investments from American Airlines, International Air... Read More »
Friday September 13, 2024
Heart Aerospace has unveiled its first full-scale demonstrator for its regional hybrid-electric aircraft, the ES-30, marking a significant milestone in its development. Built almost entirely in-house at the company's Gothenburg facilities, the demonstrator ref... Read More »
Friday September 13, 2024
Gulfstream Aerospace has announced the sale of the first Gulfstream G400 intended for dedicated charter operations, purchased by Germany-based DC Aviation Group. The sale was revealed during a signing ceremony at Gulfstream's Customer Support facility in Farnb... Read More »
Thursday September 12, 2024
China Development Bank Financial Leasing has announced that it will acquire 80 Airbus A320neo aircraft, with deliveries scheduled for between 2030 and 2032. This substantial order aims to optimise the fleet structure of the bank's aviation unit and enhance the... Read More »
Thursday September 12, 2024
Jackson Square Aviation (JSA) has announced the successful delivery of seven Boeing 737-8 aircraft to Air India Express, marking the completion of a significant long-term lease agreement with the airline. These aircraft deliveries are a part of Air India Expre... Read More »
Thursday September 12, 2024
TrueNoord, a specialist regional aircraft lessor, has leased two De Havilland Dash 8-400 aircraft to the Norwegian airline, Widerøe. The two 2013 vintage aircraft, MSN 4439/4448, are on operating lease and are part of TrueNoord's latest portfolio acquisition ... Read More »
Thursday September 12, 2024
West Star Aviation has announced the appointment of Ray Sharp to Director of Maintenance at their East Alton, Illinois (ALN) facility, where he will oversee all maintenance programmes. Ray Sharp began his career as an Airframe and Powerplant technician at Cess... Read More »
Thursday September 12, 2024
SkySelect has announced a successful partnership with MTU Maintenance, the MRO division of MTU Aero Engines, to modernise and optimise their engine parts sourcing processes. This collaboration marks a key step in the digital transformation of MTU Maintenance, ... Read More »
Thursday September 12, 2024
Ramco Systems, a global enterprise software company offering next-generation SaaS-enabled platforms and products, has launched version 6.0 of its Aviation Software, which leverages AI and machine learning for smarter, predictive aviation management. The latest... Read More »
Wednesday September 11, 2024
Southwest Airlines will overhaul its board of directors as longtime Chairman Gary Kelly is set to retire next year, the company announced on September 10. The Dallas-based airline has faced increasing pressure from hedge fund Elliott Investment Management, whi... Read More »
Wednesday September 11, 2024
Safran Aircraft Engines has announced its intention to acquire Component Repair Technologies (CRT), an American firm based in Mentor, Ohio, renowned for its expertise in aircraft engine part repairs. This move will bolster Safran's maintenance, repair, and ove... Read More »
Wednesday September 11, 2024
Joby Aviation, a developer of electric air taxis, has taken the initial step towards becoming the first certified air taxi operator in the UAE. During the International Civil Aviation Organization's inaugural Advanced Air Mobility Summit in Montreal, Canada, J... Read More »
Wednesday September 11, 2024
Piasecki Aircraft Corporation (Piasecki) has achieved a significant milestone in vertical take-off and landing (VTOL) technology with the maiden flight of its Aerial Reconfigurable Embedded System Demonstration Vehicle (ARES-DV). This historic flight, conducte... Read More »
Wednesday September 11, 2024
Aircastle has announced the appointment of David Odlum as Chief Risk Officer, effective December 1. Odlum will oversee all risk management activities within the company and will be a key member of the leadership team. Based at Aircastle's Dublin office, he wil... Read More »
Wednesday September 11, 2024
Thai express cargo airline K-Mile Asia has announced the addition of its first B767-300BCF, registered HS-KSA, to its fleet. This aircraft is K-Mile's first widebody freighter and marks Thailand's debut as a B767-300BCF operator. The new freighter, HS-KSA, arr... Read More »
Wednesday September 11, 2024
Lockheed Martin and Tata Advanced Systems (TASL) have strengthened their longstanding partnership through a new agreement focusing on the C-130J Super Hercules tactical airlifter. This collaboration represents a major step forward in bolstering India's defence... Read More »
Aviation News Categories
2023 MEDIA KIT
Tamar Jorssen
[email protected]
Phone: +1 (778) 213 8543
Malte Tamm
[email protected]
Phone: +49 (0)162 8263049