Tue 09/14/2021 09:09 AM
Aircraft leasing company Nordic Aviation, or NAC, is likely to pursue a new forbearance agreement with lenders before a restructuring agreement is reached, sources told Reorg.
The current forbearance agreement on amortization payments expires on Sept. 20 and there has been a shared desire among the company and its creditors to reach a deal before then. However, while an agreement has been reached within the NAC 29 silo and other silos, negotiations with some creditors is still ongoing,...
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