Nordic Aviation Capital DAC (NAC) has announced its financial results for the year ended June 30, 2019.
Total revenue increased by 21% to US$890 million and lease revenue increased by 17% to US $748 million. With a Business Performance result of US$162 million, NAC delivered a 15% return on equity. NAC generated cash flow from operations of US$540 million and made investments of US$1 billion. The company increased its fleet by 43 aircraft to 480 and total assets by 6% to US$8.2 billion.
NAC has announced two new orders at the Paris Air Show for over 100 ATR and Airbus aircraft. The company welcomed GIC as a new shareholder.
