Nordic Aviation Capital, the world’s largest regional aircraft lessor, today announced that its lenders have voted unanimously to approve its proposed scheme seeking to implement a standstill on and deferral in respect of certain payment of interest and principal on its borrowings, covering the next 6-12 months. The standstill and deferral agreement signed with lenders covers interest and principal payments due over the next six to 12 months on $6bn (€5.3bn) of debt. Last month, NAC presented a scheme of arrangement to the High Court in Dublin to propose the standstill and deferral. The agreement secured yesterday will still have

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In