Independent leasing company Nordic Aviation Capital (NAC) has posted a net profit of $111m in the year ending June 30, marking a 37 per cent year-on-year increase.
In results published on Monday (September 21), the firm said its operating profit for the period was $239m, a rise of 42 per cent from the previous year’s figure of $169m.
In the year, NAC confirmed it has invested in 17 ATR 72-600 and 42-600 aircraft all on lease with airlines, while it had concluded transactions involving 74 pre-owned aircraft.
Its total assets increased by 45 per cent to a value of $3.1bn. In a statement accompanying the annual report, NAC chairman Martin Møller said he is “satisfied” with the results.