12 Jun 2017

Irish Aircraft Leasing Newsletter 12 June

NAC delivered two Bombardier Dash 8-Q400s, MSNs 4340 and 4345, to SpiceJet on lease Nordic Aviation Capital (NAC) announced 1 June that it has delivered two Bombardier Dash 8- Q400s, MSNs 4340 and 4345, to SpiceJet on lease. This brings to six the total number of aircraft that NAC currently has on lease to the airline. NAC sold two ATR 42-500s, MSNs 522 and 526, to Rheinland Air Service Nordic Aviation Capital (NAC) announced 7 June that it has sold two ATR 42-500s, MSNs 522 and 526, to Rheinland Air Service. SMBC Aviation Capital's inaugural issuance of senior unsecured notes wins the Finance Dublin Debt Capital Markets Corporate Bonds Deal of the Year Award SMBC Aviation Capital's inaugural issuance of senior unsecured notes has won the Finance Dublin Debt Capital Markets Corporate Bonds Deal of the Year Award. Citing the reasons for the award, Finance Dublin said that the issuance was investment grade rated and marked a significant new funding source for one of Ireland’s major aircraft lessors. The successful issuance underscored the Japanese-owned lessor's commitment to diversifying its sources of funding and clearly demonstrated the market’s confidence in its growth plans.  CEO Barry Flannery, said the issuance was significant from the company's point of view because it achieved further diversification of the company's financial base which makes sense in light of the continued growth of the business and amortisation of existing debt. 'It makes absolute sense for us to access the capital markets and we regard this as the beginning of a series of issuances over time. We will be a repeat issuer from here on,' he said. Acumen Aviation © 12 June All Rights Reserved.