NAC funds six ATR 72-212s

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By TESTCustomwebLP TESTCustomwebLP July 4, 2014 18:32

NAC funds six ATR 72-212s

Nordic Aviation Capital has closed $108 million financing on 6 ATR 72-212 Aircraft guaranteed by Coface.  The financing was arranged by Citi and jointly funded by Bayren LB and Citi.

NAC’s CEO, Kim Graven-Nielsen comments: “We are very pleased with the great interest and support shown in this first part delivery of a hallmark transaction with Garuda in Indonesia – a transaction that involves a significant two-digit number of aircraft to be delivered from NAC over the coming years.  The continued support of Citi and Bayern LB is yet another testament to the high confidence in both the regional market and in the ATR product marketed by NAC.”

Citi’s Managing Director, Munawar Noorani said: “This is Citi’s first financing of ATR’s for a European client. We are delighted to have started a relationship with NAC which has a unique and impressive platform in regional jet and turbo prop leasing.”

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By TESTCustomwebLP TESTCustomwebLP July 4, 2014 18:32
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