Nordic Aviation Capital to acquire regional jet leasing specialist Jetscape Aviation Group



Tuesday 15th March 2016

Nordic Aviation Capital (NAC), the world's largest turboprop aircraft lessor, today (14th March) announced it is acquiring Jetscape Aviation Group (Jetscape), a leading player in regional jet leasing.

The deal will see Nordic Aviation Capital expand into the regional jet arena, bringing 28 owned Embraer E-Jets, commitments for 11 E-Jets and a further 18 of the type under management into its sizeable regional aircraft portfolio.

"This is a significant strategic development for NAC and we are pleased to diversify with the addition of an exceptional deal-focused, customer-centric organization with highly experienced management and dedicated staff. Jetscape's solid reputation in regional jet leasing can only enhance the strong brand which  NAC already enjoys in the turboprop sector," said NAC Chairman Martin Moller. "We are delighted to bring Jetscape into NAC. Joining forces with them gives us an expanded geographical reach and most importantly, a firm financial platform to further develop regional aircraft leasing activity," said Jetscape CEO John Evans.

About Nordic Aviation Capital

Founded in Denmark in 1990, NAC is today the world's largest independently owned aircraft leasing company with more than 240 aircraft in its portfolio. NAC focuses on regional aircraft, mainly turboprop, serving 36 customers worldwide. The company has regional offices in Ireland, UK, Canada and Singapore, which supply aircraft to top tier carriers such as Lufthansa, Air France, US Airways, Garuda, Avianca, Flybe, Azul, Air Berlin and Etihad Regional (Darwin Airline). Nordic Aviation Capital's current fleet includes ATR 42, ATR 72, Bombardier Dash 8-300/Q400, CRJ 900/1000, Boeing 737, Airbus A320, and Saab 2000 aircraft.

About Jetscape Aviation Group

Founded in 2000, Jetscape has offices in Fort Lauderdale, US and in Sliema,Malta. It is active in Europe, the Americas, Asia, Africa and Oceania with 28 owned aircraft (16 E190s, nine E175s, one E170s and two E195s). Customersinclude British Airways (CityFlyer),  Aeromexico, Air Canada, LOT Polish Airlines, Alitalia, Airnorth, Air Astana, Azul, Kenya Airways, TACA, TAME, Austral and Royal Jordanian. In addition, Jetscape has commitments to purchase 10 E190s and one E195 in 2016. It has a further 18 E-Jets under management.

For additional information, please visit us at: www.nac.dk