Posted on: 15 April 2016 by Mark Howells
Following its purchases of lessor Jetscape and Air Lease Corporation’s ATR portfolio, Nordic Aviation Capital (NAC) is continuing its growth with the acquisition of Irish lessor Aldus Aviation, which specialises in Embraer E-Jet operating leases.
Founded in 2008, in the teeth of the recession, Aldus Aviation has steadily expanded and today manages a fleet of 30 E-Jets. Aldus, described by NAC as “a good fit”, will eventually operate under the NAC brand, establishing Nordic Aviation Capital as one of the largest players in the large regional jet and large turboprop sector (where it is already the largest lessor). Aldus adds a further 30 managed regional jets to NAC’s expanding portfolio, bolstering the combined delivered fleet to a total of 294 aircraft plus 48 managed. In addition, the group has a further 74 aircraft on firm order (20 E-Jets, 54 ATRs).
“We have much respect for the work Aldus and its management team have achieved in growing their business these past eight years, building up a portfolio of Embraer 170/175/190 and 195 Jets, flying with prestige airlines in nine countries. Aldus, with its likeminded business ethos, brings much synergy to our business, a win–win for us and our customer base. We hope to receive the relevant regulatory approvals in the coming 2-4 weeks,” commented Martin Moller, NAC chairman.
Aldus CEO, Steven Gorman, added, “NAC is widely regarded for its dynamic entrepreneurial spirit, responding to the market and investing at the right time. This is a sound development for our company and our employees, and we are looking forward to growing the business with our new partners from NAC and Jetscape.”
The three combined businesses will support some 169 employees, and going forward NAC will be able to serve an ever-greater customer base with a substantially wider range of lease and associated services.