NAC sells four E170s and four CRJ900s; leases three Q400s

Nordic Aviation Capital (NAC) has completed the sale of four E170 aircraft and four CRJ900 aircraft to American Airlines based in Dallas, Texas. The eight aircraft will be placed into service by Envoy Air and PSA Airlines, both subsidiaries of American. Meanwhile, NAC has executed a lease agreement for three Q400 aircraft with Connect Airlines based in Bedford, Massachusetts. The newly formed carrier aims to provide regional service between Canada and the US Northeast and Midwest.