Limerick-based Nordic Aviation Capital – the world’s biggest lessor of regional aircraft – has secured unanimous agreement from lenders that has given it financial breathing room during the pandemic, Independent.ie understands. Last month, Nordic Aviation Capital (NAC) presented a scheme of arrangement to the High Court in Dublin to propose the standstill and deferral. The agreement secured today will still have to be formally ratified by the court. Nordic Aviation Capital was founded in Denmark. Nordic Aviation Capital said at the time that it had had “constructive discussions” with its lenders “and wishes to continue to engage with them to come to a mutually beneficial agreement”.

Source: Irish Independent July 09, 2020 15:22 UTC