Thu 05/06/2021 08:10 AM
Nordic Aviation Capital, or NAC, is facing some pushback from creditors following the aircraft leasing company’s approach for a forbearance agreement, sources told Reorg. Lenders are asking for further clarity on the company’s long-term restructuring strategy, sources added.
The company had
approached creditors last month for a forbearance agreement on its May loan amortization payments. The new agreement would end in July, sources said. Creditors
agreed to a deferral of payments last...
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