Tue 06/22/2021 11:20 AM
Nordic Aviation Capital, or NAC, is increasingly considering a chapter 11 bankruptcy filing as an implementation device for the company’s debt restructuring, sources told Reorg, as creditors continue efforts to reach common ground on a comprehensive workout of the aircraft leasing group.
While NAC successfully
completed a scheme of arrangement in June 2020, sources suggested that in the absence of an agreement for a more complete restructuring, chapter 11 could be respected by all...
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