Asia-Pacific Aerospace Briefs Today
September 4th 2024
Today's briefs report news from C&L Aerospace, Nordic Aviation Capital and REX Airlines. Read More »
Nordic Aviation Capital (NAC) has closed a $382 million five-year non-recourse term loan facility to refinance its portfolio of 21 aircraft. The term loan, for a mix of narrow-body and turboprop aircraft, will free up $650 million in capacity at its warehouse to fund volume targets into 2025.
C&L Aerospace, a C&L Aviation Group company, has agreed to sell the 737NG inventory owned by Australia’s REX Airlines. REX, now in voluntary administration, no longer requires the 737s. The inventory of more than 100,000 individual aerospace components will be marketed by C&L and be available at its Bangor, Maine warehouse in the U.S. in coming weeks. Parts will be listed on ILS, PartsBase and Aeroxchange for outright sale.
