Nordic Aviation Creditors Set to Take Stake in Aircraft Lessor
- Restructuring framework includes debt conversion, new capital
- Company reported annual loss of $2.36 billion on pandemic hit
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Creditors of Nordic Aviation Capital AS are one step closer to taking control of the company, one of the world’s largest aircraft lessors.
Nordic Aviation and its biggest creditor groups have reached an agreement on the outline terms of the company’s restructuring framework, according to a statement on Friday.