Germany’s NORD/LB To Exit Aircraft Financing, Sell Off $1.8B Portfolio
Credit: Rob Finlayson
Norddeutsche Landesbank (NORD/LB), which has been active in aircraft financing for over 40 years, plans to sell €1.67 billion ($1.8 billion) of its €2.75 billion aviation portfolio to Deutsche Bank. The move forms part of NORD/LB’s strategic plan to withdraw from aviation to focus on funding the...
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