NAC posts 21% revenue increase in half-year results

Nordic Aviation Capital (NAC) has posted total revenue of $890 million, an increase of 21% in its latest financial results for the year ending 30 June 2019. The group’s lease revenue rose by 17% to $748 million as the firm generated cash flow from operations of $540 million and made investments of $1 billion. During the period, the group increased its fleet by 43 aircraft to 480 and total assets by 6% to $8.2 billion. An injection of $150 million in additional equity from shareholders was seen in the period to support growth and strengthen its balance sheet. Meanwhile, NAC