Singapore’s sovereign wealth fund, GIC, has taken a significant minority stake in Denmark-based regional aircraft lessor Nordic Aviation Capital (NAC). GIC, which was established in 1981 to manage Singapore’s foreign reserves, is a long-term investor in various funds, real estate and infrastructure. On Oct. 15, NAC said an affiliate of GIC will become a “significant minority investor.” The company added that GIC already has aircraft-leasing experience. NAC is ...

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