Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing. read more
DEC 20, 2021 - 6:56 am
Nordic Aviation Capital appointed Norman C.T. Liu its new president. Liu was previously president of GE Capital Aviation Services between 2009 and 2016. The company also made progress in its restructuring, reaching an agreement for $500 million in additional capital. read more
SEP 24, 2021 - 6:52 am
GE Capital Aviation Services (GECAS) signed an agreement with Virgin America to lease 10 new Airbus A321neo aircraft powered by CFM’s LEAP-1A engines to expand the carrier’s fleet. read more
DEC 16, 2015 - 6:40 am