Turboprop lessor Nordic Aviation Capital (NAC) has opened an office in Singapore. It is being led by Mats Ericson, vice-president sales and acquisitions.
Before joining NAC in May this year Ericson worked with Avion Aviation as managing director, in Jakarta and Singapore, focussing on ATR aircraft where he ratified a number of deals with NAC for ATRs and other turboprop aircraft in Indonesia.
NAC in Asia will concentrate activity in Indonesia, Malaysia, Philippines, Vietnam, Cambodia, Laos and Thailand – where an increasing number of 50 to 70-seat turboprop aircraft are entering service. “ATR especially has new aircraft deliveries coming in over the next few years and a long backlog of orders,” said Ericson. “It has established customer bases in India and Malaysia from its regional head office in Singapore, including a training centre at Malaysia’s Subang Airport. NAC can complement these activities by providing secondhand aircraft from our portfolio relatively quickly. We will also be warming up potential operators for all new aircraft down the line and leasing new aircraft as well.”
Nordic Aviation Capital provides aircraft to well-known carriers such as American Eagle/American Airlines, US Airways, SAS, Olympic Airways, TACA and Air France affiliates; regional carriers including Wideroe, Aer Arann and Cimber Air, as well as providing aircraft to airlines in emerging markets. For example, Nordic Aviation Capital has placed 10 ATR 42 aircraft with UTair in Russia. “NAC will continue its expansion in SE Asia from the new Singapore office and we already have a number of new deals for regional aircraft pending for deliveries from August to October,” said Ericson.
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