Nordic Aviation Capital reports 42% increase in operating profit

Nordic Aviation Capital A/S delivers 42% increase in operating profit, up from US$169m to US$239m, a result considered to be satisfactory. In the fiscal year ending June 30th, 2015 NAC’s revenue increased from US$311m the year before to US$392m, up 26%. Net profit after tax rose 37% to US$111m. The achieved improvements reflects the company’s solid market position in a year where NAC has invested in 17 factory new ATR72‐600 and ATR42‐600, all placed on lease to clients. In addition, we have concluded 74 transactions involving pre‐owned aircraft including a single transaction involving 31 Bombardier Q400 – which is the largest single transaction recorded in the history of NAC. Total assets increased by 45% to US$3,173m.