Nordic Aviation Capital adds new strong minority shareholder, GIC, to further support growth ambitions
- GIC, Singapore’s sovereign wealth fund, is set to join NAC’s founder, Martin Møller and EQT VI as a significant minority investor in NAC
- The transaction will comprise a partial sale by the existing shareholders and new capital to further strengthen NAC’s balance sheet
- EQT VI will remain the largest shareholder and will continue to support NAC in solidifying its position as the global leader in regional aircraft leasing
- Founder Martin Møller remains a significant shareholder and continues as Chairman of the Company
NAC, Martin Møller and EQT VI today announced that GIC, a leading long-term global investor with significant aircraft leasing experience, is to become a significant minority investor in Nordic Aviation Capital (“NAC” or “the Company”). The transaction will be executed by an affiliate of GIC.
Since the partnership in 2015 between Martin Møller and EQT VI, NAC has transformed from being a lessor focused on turboprop aircraft into the world’s largest regional aircraft lessor, and the fourth largest commercial aircraft leasing company by investing more than USD 4.5 billion in the business. During that period, NAC has more than doubled its operating lease income and added more than 30 new customers. Today the Company has a fleet of 468 regional aircraft, a total asset base of USD 8.0 billion and is uniquely positioned to take further advantage of the market opportunities in the attractive regional aircraft space.