Ireland-based Nordic Aviation Capital is at least the ninth big corporation to bring its bankruptcy case to Richmond’s federal court since the start of the pandemic.
Aircraft leasing company Nordic Aviation Capital filed for Chapter 11 protection in Virginia bankruptcy court along with dozens of affiliates, saying sustained losses from the COVID-19 pandemic forced it to restructure more than $6 billion of debt.
(Bloomberg) One of the world’s largest aircraft leasing company filed for Chapter 11 as it seeks to restructure its finances for the second time since the beginning of the pandemic.
In the wake of the standoff at the Poland-Belarus border, the national airline of Belarus is looking for an alternative arrangement for future leasing deals that parts ways with leased aircraft that are tied to the European Union. The airline itself was called out this fall after being accused of bringing migrants from Iraq and […]