Nordic Aviation Capital

Veteran Bankruptcy and Restructuring Lawyer, Robert "Bob" Fishman, Joins Algon Group as Vice Chairman

Retrieved on: 
Wednesday, May 31, 2023
Vice, Nordic Aviation Capital, University, Creditor, Aggression, George Washington University School of Business, American College of Bankruptcy, American Bankruptcy Institute, Shaw, Committee, Trustee, Creativity, Cozen O'Connor, Fishman, Dean Foods, Cheating, Fox Rothschild, City, Champaign–Urbana metropolitan area, American College, Aljan, Security (finance), Management, Bankruptcy

MIAMI, May 31, 2023 /PRNewswire/ -- The Algon Group, a specialized financial advisory firm, is pleased to announce that highly-regarded bankruptcy and restructuring lawyer, Robert "Bob" Fishman, has joined the firm as Vice Chairman. Fishman, coming out of a very brief retirement, brings 40 years of experience representing all parties in insolvency/bankruptcy settings, including debtors in possession, trustees, secured creditors, Creditors' Committees and disinterested directors.

Key Points: 
  • MIAMI, May 31, 2023 /PRNewswire/ -- The Algon Group , a specialized financial advisory firm, is pleased to announce that highly-regarded bankruptcy and restructuring lawyer, Robert "Bob" Fishman, has joined the firm as Vice Chairman.
  • Fishman was previously a member at Cozen O'Connor and a partner at Fox Rothschild, where he was co-chair of the insolvency practice.
  • Prior to that he was the long-time managing partner and co-chair of the insolvency practice at Shaw, Fishman, Glantz and Towbin.
  • He is a former president and board chairman of the American Bankruptcy Institute, where he received its Lifetime Achievement Award in 2018.

KBRA Insight on Private Credit: A Boon for Private Credit and Private Placements in Aviation

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Thursday, January 12, 2023
Insurance, Finance, Consulting, Air, Transport, Banking, Professional Services, Transportation, Travel, Airbus A350, KBRA, Air Lease, Boeing, Private, Insurance, Ronald Reagan Washington National Airport, Air Lease Corporation, Uncertainty, COVID-19, Aviation, Wheel, Iberia (airline), Sun Country Airlines, EETC, Risk, British Airways, Maintenance, OEM, Airbus A320neo family, Growth, Airbus, Observation, Sale, GFC, Air travel, Original equipment manufacturer, Nordic Aviation Capital, MAST, Investment, Multimedia, Traction, Disclosure, ABS, Security (finance), Bank, Airline

In addition, private placements became a critical source of capital not only for small to midsize issuers, but also for established public issuers in aviation.

Key Points: 
  • In addition, private placements became a critical source of capital not only for small to midsize issuers, but also for established public issuers in aviation.
  • Given the ongoing volatility of the public debt markets and ample liquidity in private credit, KBRA expects private placement investments in aviation to continue as a growing source of funding for aviation issuers.
  • Private placements can be offered by both investment banks or through bilaterally negotiated placements directly between issuers and investors.
  • In turn, these aviation placements offer attractive characteristics to investors, including potential for higher yield and diversification versus comparable public issuance.

Aviation Executive Todd Freeman Named as Incoming Chair of Airlink Board of Trustees

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Wednesday, January 4, 2023
Organization, NGO, GECAS, Trustee, Pratt, James Monroe Law Office, Transport, Law, COVID-19, Edmonton Airports, Multimedia, Nordic Aviation Capital, Aviation, Chair, Bombardier Aerospace and Embraer S.A. government subsidy controversy, Pratt & Whitney, Freeman, Management, Airlink

WASHINGTON, Jan. 4, 2023 /PRNewswire/ -- Disaster logistics nonprofit Airlink has named Todd Freeman as incoming Chair of its Board of Trustees.

Key Points: 
  • WASHINGTON, Jan. 4, 2023 /PRNewswire/ -- Disaster logistics nonprofit Airlink has named Todd Freeman as incoming Chair of its Board of Trustees.
  • Freeman has served as Airlink Treasurer since 2020 and will succeed Airlink's current chair James Hnat whose three-year term concluded on December 31st.
  • "I am deeply grateful to James Hnat for serving as Board of Trustees Chair.
  • Incoming chair Todd Freeman is a longstanding member of Airlink's Board of Trustees and is a respected aviation industry figure, having previously served in various senior commercial roles with GECAS and more recently in a senior advisory capacity with Nordic Aviation Capital.

Embraer Delivers 11 Commercial and 21 Executive Jets in 2Q22

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Monday, July 25, 2022
Astral, Porter Airlines, Sale, Alaska Air Group, LOT Polish Airlines, Aviation, Commercial aviation, Astral Aviation, Embraer, Nordic Aviation Capital, Intention, BAE Systems, Family, NAC, Microsoft, Farnborough Airshow, Sky High, Support, Brazilian Navy, Light, Security, E175, Memorandum of understanding, Kingdom, Dominican Republic, EVTOL, Airline, Weapon

These aircraft will be covered by the Pool Program, whose contract was announced by Embraer Services & Support.

Key Points: 
  • These aircraft will be covered by the Pool Program, whose contract was announced by Embraer Services & Support.
  • In June, Embraer signed a firm order to convert up to 10 E-Jets into passenger to freight (P2F) aircraft with an "undisclosed" customer.
  • In another contract, announced in May, Embraer and Nordic Aviation Capital (NAC) agreed up on to 10 conversion positions for the E190F/E195F jets.
  • At the same event, Embraer announced a firm order from Alaska Air Group for eight additional E175 jets, which are already included in the 2Q22 backlog, and 13 purchase rights.

Universal Hydrogen Continues Rapid Growth and Names Jørn Rosenlund as Chief Operating Officer and Anna Goranson as VP of People

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Thursday, February 10, 2022
Hardware, Alternative Energy, Energy, Technology, Air, Aerospace, Transport, Manufacturing, Hydrogen, People, Aircraft, Policy, MagniX, Senior, Growth, Nordic Aviation Capital, IPO, ATR, Airbus, BNP Paribas, CCO, SAB, CEO, Central Waqf Council, NEL, Boeing, COO, Aviation, Airport, Interim, Executive, Göransson, Interim management, Acquisition, Management, Airspace

Jrn Rosenlund will be the companys new Chief Operating Officer, coming to Universal Hydrogen from Nel Hydrogen, where he was Chief Strategy Officer and before that Senior VP responsible for the Fueling Division.

Key Points: 
  • Jrn Rosenlund will be the companys new Chief Operating Officer, coming to Universal Hydrogen from Nel Hydrogen, where he was Chief Strategy Officer and before that Senior VP responsible for the Fueling Division.
  • Anna Goranson is Universal Hydrogens first VP of People.
  • Jrn, Anna, and Adam will help steer Universal Hydrogen through its next stage of rapid growth, said Eremenko.
  • For opportunities and positions at Universal Hydrogen please visit: https://hydrogen.aero/careers/
    Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality.

January 2022 New Bankruptcy Filings Continue Decline

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Thursday, February 3, 2022
Chapter 11, Title 11, United States Code, Discovery, Nordic Aviation Capital, Technology, Private law, Efficiency, Chapter 13, Title 11, United States Code, Compliance, Trustee, GLOBE, Bankruptcy, Industry, Chapter Seven, Airline, Security (finance), Maya Lauqué

Overall, January new filings were 26,194 across all chapters, down 6.4% from December 2021, which had 27,980 new filings.

Key Points: 
  • Overall, January new filings were 26,194 across all chapters, down 6.4% from December 2021, which had 27,980 new filings.
  • Chapter 7 individual bankruptcies had 14,304 new filings in January, down 11.9% over December 2021, which had 16,235 new filings.
  • Year-over-year, January saw new Chapter 7 individual bankruptcy filings down 35.4% over January 2021, which had 22,127 new filings.
  • January 2022 new filings continue to be well below pre-pandemic levels, said Chris Kruse, senior vice president of Epiq Bankruptcy Technology.

Nordic Aviation Capital appoints Norman C.T. Liu as incoming President and makes substantial progress in its restructuring, including agreement on outline terms with its largest senior lender groups on a holistic transaction to strengthen capital structur

Retrieved on: 
Friday, September 24, 2021
Senior advisor, Harvard University, GE Capital Aviation Services, LLP, GECAS, Embraer E-Jet family, Running, ATR 72, Kirkland & Ellis, Aircraft, Board of directors, De Havilland Canada Dash 8, Income, Rothschild, Nordic Aviation Capital, GE Capital, NAC, ATR 42, Board, CEO, ATR, Company, Growth, Leadership, COVID-19, A220, Airbus, Global Infrastructure Partners, MBA, Rothschild & Co, Investment, Ernst & Young, ICBC, Aviation, Industry, Outline, Airline, Security (finance), Management, Ridesharing company

Liu is a highly accomplished global aviation executive, having been President of GE Capital Aviation Services ("GECAS") between 2009 and 2016, and its Chairman in 2016.

Key Points: 
  • Liu is a highly accomplished global aviation executive, having been President of GE Capital Aviation Services ("GECAS") between 2009 and 2016, and its Chairman in 2016.
  • The Company has also made substantial progress in its restructuring with agreement reached on the outline terms of a Framework (the "Framework") with its largest creditor groups.
  • Liu is one of the most senior executives in the global aviation sector.
  • "I look forward to working with NAC's global team and customer base in these highly challenging times," said incoming President, Liu.

Silver Airways Makes History as First ATR 72-600 Takes Flight in U.S.

Retrieved on: 
Monday, November 25, 2019
Air, Transport, Other Travel, Transportation, Vacation, Destinations, Travel, Aircraft, France–Italy relations, Aviation, ATR, Silver Airways, Mann Yadanarpon Airlines, Silver Airways, ATR, Nordic Aviation Capital

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Silver Airways first regularly scheduled commercial ATR 72-600 flight departed Tampa International Airport (TPA) and arrived at Pensacola International Airport (PNS) on Saturday, November 23, 2019.
  • Starting operations of the new ATR 72-600 aircraft is another great milestone for Silver Airways, ATR, our customers, our airline partners, the communities we serve and our team members.
  • We are proud to be part of Silver Airways ambitions and expansion plans, said ATR Chief Executive Officer Stefano Bortoli.
  • To date, Silver Airways has taken delivery of its first seven of up to 50 ATR-600s, including six ATR 42-600s and one ATR 72-600.