New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
NAC buys 5 ATR 72-500s from ATR
Nordic Aviation Capital (NAC) has completed the purchase of five ATR 72-500s from ATR’s asset management arm, ATRiam Capital, with leases attached to Lufthansa, whose subsidiary Air Dolomiti is operating the aircraft.
The move follows NAC’s announcement on 4 February of the purchase of one ATR 42-500 aircraft, also from ATRiam.
Nordic Aviation Capital has its principal headquarters in Billund, Denmark, complemented by regional offices in the US, Ireland, France, Switzerland and Singapore. It is currently the largest independent turboprop lessor in the world with a fleet of more than 130 aircraft including ATR 42 and 72, Bombardier Dash 8 and CRJ 200, Boeing 737 and MD-83, Fokker 50 and Saab 2000 aircraft.
You may also like
More from Defence Notes
-
![New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia]()
-
![UK Chancellor commits £2 billion to make the country a “defence industrial superpower”]()
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
![Avalon 2025: Australian defence budget meets the low expectations of show attendees]()
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
![Launch of Gilat Defense targets DoD market]()
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
-
![Collins MAPS Gen II to equip US DoD watercraft]()
Collins MAPS Gen II to equip US DoD watercraft
US services have already conducted multiple tests with military maritime systems fitted with the system.
-
![OCCAR expects substantial boost in programme numbers “in the coming months”]()
OCCAR expects substantial boost in programme numbers “in the coming months”
Europe’s Organisation for Joint Armament Cooperation (OCCAR) “has to establish itself…as a centre of excellence for cooperative Defence Equipment Programmes” in the face of growing threats and the need for rearmament, according to the organisation’s chairman.
