Sale and Leaseback of 39 ATR 72 Aircraft With AMR Leasing Corporation
03 December 2008 - 6:35AM
PR Newswire (US)
BILLUND, Denmark, Dec. 2 /PRNewswire-FirstCall/ -- Nordic Aviation
Capital A/S ("NAC") and KIRK Kapital A/S are pleased to announce an
agreement for a sale and leaseback transaction with AMR Leasing
Corporation (a wholly-owned subsidiary of AMR Corporation) for 39
ATR 72 aircraft operated by Executive Airlines, Inc. (also a
wholly-owned subsidiary of AMR Corporation doing business as
"American Eagle"). AMR Leasing Corporation will sell the 39 ATR 72
aircraft to an entity that will lease the aircraft to NK Aviation
Limited, Ireland, a newly formed joint venture between NAC and Kirk
Kapital A/S. Executive Airlines will lease the aircraft back
through a sublease structure and will continue to be the operator
of the aircraft. NAC will be the servicer for the aircraft. Nordic
Aviation Capital A/S Nordic Aviation Capital A/S, formerly NAC
Nordic Aviation Contractor A/S, was established in Denmark in 1990.
Its principal headquarters in Billund, Denmark are complemented by
regional offices in Ireland, France and Switzerland. NAC is a
Danish aircraft leasing company dedicated to the worldwide sale,
purchase and finance of commercial jet and turboprop aircraft.
Nordic Aviation Capital's current fleet of nearly 80 aircraft
includes, Boeing 737, MD 83, CRJ 200, ATR 42, Bombardier Dash 8 and
Fokker 50 and Saab 2000 aircraft. Our customers include US Airways,
SAS, TACA, Wideroe, Cimber Air and Air Baltic. KIRK Kapital A/S
KIRK Kapital A/S ("KIRK") is a Danish investment company, which was
established in 2007. Its headquarter is in Vejle, Denmark. KIRK is
owned by descendants of the founders of LEGO, Denmark. KIRK is
involved in various investments, including shipping and aviation.
DATASOURCE: NAC CONTACT: Maggie Schulman, Marketing Assistant, +45
7651 1200, , or Jim Murphy, Sales Director, cell
011-353-86-8196844, , both of NAC Nordic Aviation
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