Nordic Aviation Capital Appoints New CEO

Nordic Aviation Capital (NAC), one of the world’s largest regional turboprop lessors, has appointed Søren M. Overgaard as Chief Executive Officer, effective immediately.

Søren has played a key role within NAC’s senior management team for the past three years, joining in 2012 as Chief Financial Officer.

He previously held senior positions with blue chip transportation company, the AP Moller Group, Maersk and Damco Europe.

Søren succeeds Kim Graven-Nielsen.

Martin Moller, Chairman of Nordic Aviation Capital, said, “I am delighted to welcome Søren to his new role. We have an especially exciting year ahead in 2016 with increasing opportunities opening up worldwide in the regional airline sector. Søren’s deep knowledge of the business is invaluable. I would also like to thank Kim for his sterling contribution to NAC these past seven years. He has played a key role in developing NAC and is now moving on to new ventures.”

Nordic Aviation Capital has been profitable for the past two decades, achieving a 42% increase in operating profit to US$239 million in its latest financial year ending 30 June 2015. Total assets increased by 45% to US$3.2 bn.

This summer the company welcomed private equity firm EQT and Kirkbi as partners.