Court approves scheme for Irish-based Nordic Aviation Capital

The High Court gave the approval based on the international recognition of the scheme and that it was "fair and equitable" 

Mr Justice David Barniville approved the scheme. PIC: COURTPIX

A scheme of arrangement for Irish-based aircraft lessor Nordic Aviation Capital with its creditors has been approved by the High Court.

Nordic Aviation Capital DAC sought to enter into a scheme with its lenders due to the dire effects of the Covid-19 pandemic on the aviation industry.