Thu, Dec 04, 2008
Regional Carrier Will Continue Operating Planes On
Nordic Aviation Capital A/S and KIRK Kapital A/S announced
Tuesday an agreement for a sale and leaseback transaction with AMR
Leasing Corporation for 39 ATR 72 aircraft operated by Executive
Airlines, which does business as American Airlines' regional
subsidiary 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.
The deal is worth approximately $200 million in immediate cash
for American, reports The Associated Press.
Nordic Aviation Capital's current fleet of nearly 80 aircraft
includes, Boeing 737, MD83, CRJ200, 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.
Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]
"Reaching this stage that we call ATLO is a critical milestone. This is a very satisfying point of the mission as we transition from many teams working on their individual elements>[...]
ANN goes through a lot of trouble to make the graphics flashy and cool and an integral part of the story. But let's face it, they're bandwidth-intensive. So here are a couple of th>[...]
Heat Generated By Electronic Systems A Growing Challenge Managing heat that is generated by electronic subsystems in next-generation aircraft is a vexing challenge for aerospace sy>[...]
Prototype Test Flights Evaluate Integrated Electronic Warfare Capabilities The U.S. Navy and Raytheon successfully demonstrated an end to end, first of its kind, integrated electro>[...]