By January 2020, the Company moved to a new headquarters in Ireland and its fleet value peaked at about $7 billion, with over 500 aircraft owned, managed, and committed.

Due to the COVID-19 pandemic, lack of adequate equity and various portfolio issues, NAC underwent a major financial restructuring commencing in late 2021, including a chapter 11 filing.

[4][5][3] The company emerged during June 2022 with a much improved balance sheet and financial position of over $500 million of liquidity and growth capital.

The fleet total was over 370 aircraft owned, managed and on order, with assets of over $3 billion and significantly reduced debt.

NAC also plans to expand into larger narrow body aircraft such as Boeing 737 and Airbus A320 family members.