Nordic Aviation Capital (NAC) has completed the acquisition of a 25-aircraft portfolio from Air Lease Corporation (ALC). The portfolio comprises 23 ATR 72-600 and 2 ATR 42-600 aircraft leased to nine airlines globally.

The acquisition increases NAC’s total fleet to 380 aircraft and serves to further establish its position as the world’s premier lessor of regional aircraft. The group has a further 58 aircraft on firm order.

NAC currently serves over 70 airline customers in 46 countries and claims to be the largest owner and lessor of both ATR and Bombardier aircraft in the world.

In the course of the 2015/2016 fiscal year ending 30th June – during which NAC recorded double-digit growth in revenue and earnings – NAC added 43 aircraft to its active turboprop fleet and took steps to become a major player in the regional Embraer E-Jet market segment by entering into purchase agreements for 44 E-Jets.

At the end of the fiscal year, NAC and its sister companies Jetscape Aviation Group Ltd. and Aldus Aviation Ltd. owned and managed approximately 15% of the global turboprop fleet and approximately 7% of the global E-Jet fleet.

To support further growth of the portfolio, NAC added $828m to existing loan facilities and sourced $995m in new loan facilities in the fiscal year.

In 2015, NAC founder Martin Møller entered into a partnership with European private equity investor EQT, and Danish investment company KIRKBI Invest to further develop NAC. The parties jointly contributed a total of $200m in additional equity and committed additional capital to pursue growth.