Ireland – 07 February 2022  - Nordic Aviation Capital (NAC), the world’s largest regional aircraft leasing company, today announces the appointment of Klaus Heinemann as a Strategy Consultant with the intention to be named Non-Executive Chairman of the Board upon NAC’s emergence from Chapter 11.

Mr. Heinemann brings over four decades of aviation financing and board expertise to NAC, having held senior leadership roles throughout his career.

Klaus was CEO of AerCap Holdings NV from 2002 to 2012, where he was instrumental in building the firm into a top global aircraft lessor. He was previously on the Executive Board at DVB Bank from 1998 to 2002, driving its transformation to a global transportation-focused bank. Klaus also served as Joint General Manager at Long Term Credit Bank from 1988 to 1998, where he built its aviation financing franchise. He began his banking career in 1976 at Bank of America, where he worked for 11 years. Klaus has a degree from the University of Hamburg.

After AerCap, Klaus has been an independent director at multiple firms for the last decade. He is currently an independent board member of Hamburg Commercial Bank AG. He was also former Chairman of Ingrid Hotels and Finnair OY and a former board member of Algeco Scotsman SARL.

Justin Bickle, Vice Chairman of NAC and Chairman of its Restructuring Committee said, “I am delighted to welcome Klaus to NAC. He brings extensive commercial aviation and broad business experience that will be invaluable as the Company positions itself for long term success.”

Klaus Heinemann said, “This is a pivotal time to be joining NAC, as the Company builds on the next chapter of its evolution and growth. It has been a challenging time for NAC and the aviation industry, and I look forward to working together with my new colleagues as the industry recovers from the pandemic.”

Norman C.T. Liu, President & CEO of NAC, said, “I have known Klaus for nearly two decades and am very pleased with his appointment. Since last fall, the NAC team has made steady progress recovering from the pandemic, rebuilding its leadership team and stabilizing its portfolio. We look forward to advice and counsel from Klaus as we pivot to growth in the near future.”