NAC boosts Australian presence with RAAA membership

Nordic Aviation Capital has joined the Regional Airlines Association of Australia (RAAA), saying its decision coincides with a continued surge of interest in new and pre-owned turboprop aircraft in Australia.

These aircraft are needed to operate a growing number of flights within the regional and charter sectors.

Nordic Aviation Capital currently has a fleet of 160 aircraft placed with 30 customer companies in 20 countries, and the Denmark-headquartered company, is committed to further international expansion. This was demonstrated at the Paris Air Show when the company confirmed a $450 million order for 10 next-generation ATR 72-600s, plus 10 options. Deliveries are scheduled from late 2012 through to 2015, by which time its ATR fleet will be more than 100 aircraft. International customers include Lufthansa, American Airlines, US Airways, SAS, Flybe, Air Berlin and TACA.

“As fuel prices continue to rise and airline operators seek new ways to grow while cutting costs, large turboprop airliners are coming back into vogue around the world,” remarked Dean Osborne, newly appointed vice-president, sales and acquisitions for Nordic Aviation Capital.

“In Australia, there is significant growth occurring on regional and resources routes, as carriers launch new services, expand their existing operations or introduce turboprops in place of less efficient jets,” Osborne added. “We see significant opportunities to structure operating and finance leases for pre-owned and new turboprop aircraft in Australia, and are delighted to have been accepted as a member of the RAAA, the premier representative body for Australia’s main turboprop operators.”

NAC is also a member of the European Regions Airlines Association (ERA) and the Regional Airline Association (RAA) in North America.

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