Nordic Aviation announces 2022 results

Nordic Aviation Capital (NAC) reported $2.8bn of net income for 2022 and $3.7bn in assets, including 315 aircraft, at the end of the year. The year was broken up by a restructuring that left the Limerick-registered company with $46 million net income for the second six months. Net debt came to $1.7bn with book equity at $666 million at the end of 2022. The lessor reported “total available liquidity” of over $1bn at the end of what president and chief executive Norman CT Liu said was “a transformative year” after a loss of $1.4bn was recorded the year before. Loans