Nordic Aviation Capital continues to record strong double-digit growth

Nordic Aviation Capital A/S (NAC) continued to record strong double-digit growth in revenue and earnings in the fiscal year 2015/16 and strengthened its position as one of the premier lessor of regional aircraft. Fiscal year 2015/16, ending June 30, 2016 showed a continued expansion of NAC’s business platform through addition of new aircraft, new customers, new colleagues and increased business with existing customers. Ordinary operating profit (EBITDA) increased by 90% to US$439m, while operating profit (EBIT) improved from US$239m to US$303m. The net result of US$142m, was up from US$111m, yielded a 22% return on equity. NAC added 43 aircraft to its active turboprop fleet and took steps to become a major player in the regional Embraer E-Jet market segment by entering into purchase agreements for 44 E-Jets. At the end of the fiscal year, NAC owned 278 aircraft and had purchase commitments for 52 aircraft. NAC and its sister companies Jetscape Aviation Group and Aldus Aviation own and manage approximately 15% of the global turboprop fleet and approximately 7% of the global E-Jet fleet. To support further growth of the portfolio, NAC continued to expand its financing relationships adding US$828m to existing loan facilities and sourcing US$995m in new loan facilities in the fiscal year.