Nordic Aviation Capital adds 10 Bombardier Dash 8 Q400’s and four Dash 8-100 to portfolio.

Tuesday 3rd July 2012

Nordic Aviation Capital (NAC), the world's largest regional turboprop lessor, today announced the purchase of 10 Bombardier Q400s and four Dash 8-100 aircraft from the Marfin Investment Group (MIG).

NAC have also secured an 11 year operating lease agreement for the 10 Q400s and a five year operating lease on the four Dash 8-100s with Olympic Air of Greece. With this latest transaction, NAC's Dash 8 portfolio has grown to 53 aircraft, of which 34 are the Q400 models. Olympic Air serves 44 destinations, with 34 domestic, eight direct international and more than 20 international routes utilising a fleet of 23 aircraft.

• Nordic Aviation Capital ("NAC") was established in Denmark in 1990. Its principal headquarters in Billund, Denmark are complemented by regional offices in the US, Ireland, France, Switzerland and Singapore.

• NAC is dedicated to the worldwide sale, purchasing and financing of commercial turboprop and jet aircraft and currently has approaching 200 aircraft on lease worldwide to 30 operators and continues to expand its portfolio.

• NAC is the world's largest turboprop lessor but also has been involved in the jet market for many years and currently has a sizeable portfolio of jet aircraft.

• NAC's fleet is largely comprised of turboprops including ATR42s and 72s, Bombardier Dash 8-300s and Q400s, Fokker 50s and Saab 2000s, plus jets including Bombardier CRJ and Boeing 737 models. International customers include Lufthansa, US Airways, Flybe, Air Berlin, TACA, Air Baltic, LAN Group, Eurolot and Wideroe.

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