NAC acquires ATLAS 2014-1 E note; attracts takeover bidders

Nordic Aviation Capital (NAC) has acquired all of the aircraft assets owned by Aldus Aviation Fund (AAF) through the acquisition of the e-note in the ATLAS 2014-1 ABS transaction. Since 2016, NAC has managed 29 E-jets owned by AAF which are currently on lease to 9 airlines including HOP!, Flybe and Royal Air Maroc. The acquisition brings NAC’s owned fleet to 413 aircraft. Meanwhile, Bloomberg has published an unconfirmed report that private-equity investors Carlyle and Blackstone, as well as China’s AVIC, Canada Pension Plan Investment Board, and Singapore sovereign wealth fund GIC, have expressed interest in taking over NAC. None