Nordic Aviation Capital (NAC) today announced that its shareholders have approved the acquisition of NAC by Dubai Aerospace Enterprise (DAE), as previously announced last month. DAE will acquire 100% of the outstanding share capital of NAC with the total transaction value over $2 billion (including outstanding debt). Over 85% of the shareholders voted in favour of the transaction. The transaction remains subject to the receipt of necessary regulatory approvals and other customary closing conditions and is expected to be completed in the first half of 2025. Goldman Sachs International and Deutsche Bank acted as financial advisors to NAC; Clifford Chance and KPMG Deal Advisory acted as legal and accounting advisors, respectively.

Yadin Rozov, NAC Chairman, said, “I appreciate the DAE and NAC teams progressing this transaction to this critical milestone and look forward to a closing in the months ahead”.

Norman C.T. Liu, NAC President & CEO, said, “We are pleased that shareholder approval has been received to sell the firm to DAE, a top global aircraft lessor. Our significant reshaping of the fleet plus substantial reduction of debt markedly enhanced our acquisition prospects. We appreciate the ongoing support from our business partners and team members during this transition.”

NAC is a global leader in regional aircraft leasing and has expanded into larger narrowbody aircraft leveraging its world class asset management platform. As of December 2024, NAC’s fleet comprised of 233 owned and committed aircraft on lease to approximately 60 customers in 40 countries.

Media Contact: 

Eva Ferguson
Email: efe@nac.dk