In this episode of Aviation Global Leaders, we’re joined by Norm Liu, CEO of Nordic Aviation Capital (NAC), a leading aircraft leasing firm managing a fleet of 230 aircraft valued at over $3 billion. Liu provides a detailed look at the current state of the aviation industry, from strong demand outpacing pre-pandemic levels to the challenges of geopolitical tensions and supply chain disruptions. He discusses how delays from Boeing and Airbus are affecting lease rates and why the trading market remains active. Liu also shares his views on the importance of scale and niche strategies, and what a cautiously optimistic 2025 might look like for the sector.