Nordic Aviation Capital raises capital for further expansion

EQT VI has agreed to acquire a majority stake of Nordic Aviation Capital A/S, a lessor of turboprop aircraft for the global airline industry, and enter into a partnership with Martin Møller, NAC’s founder and Chairman. Martin Møller will continue as Chairman of the Company, and will remain a significant shareholder and will contribute around 50% of the capital. NAC was founded in 1990 by Martin Møller and is today a market leader in turboprop aircraft leasing, a distinct subsector of the commercial aircraft leasing market, with strong regional market positions and a differentiated business model. NAC is one of the largest owner and lessor of both ATR and Bombardier turboprop aircraft and the current fleet consists of almost 250 aircraft with an average value weighted age of only 5.4 years. The customer base is global with more than 40 airlines in 30 different countries.