NAC secures agreement on $6 billion debt  deferral deal

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