Nordic Aviation Capital forms NAC Materials unit

Nordic Aviation Capital (NAC) has formed its NAC Materials unit which will focus on sourcing, leasing and trading of larger ticket airframe and engine components for ATR turboprop aircraft. The components include propellers, avionics and landing gear. NAC is currently the largest owner of ATR aircraft in the world and has new orders with the manufacturer. In addition, NAC Materials will manage and optimise NAC’s remaining CF34 engine inventory as the firm phases out its E190/195 leased fleet. “NAC Materials will help minimise lease transition cash costs for us, support our customer base and provide ancillary leasing income and trading