Michael Østerlund Madsen joins NAC as new CFO

Monday 18th April 2016

Nordic Aviation Capital (NAC), the world's largest regional aircraft leasing and trading company, today announced a further strengthening of its top management team as its growth in the sector continues apace.

The new arrival to the top management is Michael Østerlund Madsen, who joins NAC as Chief Financial Officer and member of the Executive Management, effective March 15, 2016.

Having held several executive positions in The East Asiatic Company Ltd. A/S (EAC), Michael Østerlund Madsen's most recent position was as Group CFO and member of the Executive Board. Prior to that, Michael Østerlund Madsen was Head of Group Accounting at EAC's Group Operational Centre in Singapore. His career also includes financial and managerial positions within international companies in Denmark, The Netherlands and Saudi Arabia.

Michael holds an EMBA from IMD, Switzerland as well as degrees in Management & Business Finance and Economics from Aarhus Business School. He has also completed executive training at CBS/SIMI executive, Warton Business School and Kellogg School of Management.

Søren M. Overgaard, CEO of Nordic Aviation Capital, commented: "I am very pleased to have Michael onboard and look forward to strengthening our fast growing business with his profound insights into finance, accounting, capital markets and risk management. Taking our merger with Jetscape and Aldus into consideration, we have many great activities waiting ahead".

About Nordic Aviation Capital

Founded in Denmark in 1990, NAC is the world's largest independently owned aircraft leasing company with close to 300 aircraft in its portfolio. NAC focuses on larger regional aircraft, serving 40+ customers worldwide. The company has regional offices in Ireland, USA, Canada and Singapore, which supply aircraft to top tier carriers such as Air France, Garuda, Flybe, Azul, Air Berlin, Republic, Air Canada, GoJet and Etihad Regional (Darwin Airline). Nordic Aviation Capital's current fleet includes ATR 42, ATR 72, Bombardier Dash 8-300/Q400, CRJ900/1000, E170/175/190/195, Boeing 737, Airbus A320, and Saab 2000 aircraft.

www.nac.dk