Norse Atlantic, a long-haul low-cost carrier based in Norway, has entered into a $20 million bank overdraft facilityagreement with Nordea Bank, one of the leading financial institutions in the Nordic region. The facility comes with a maturity date of 30 April 2026, offering the airline an additional financial cushion amid growth and operational scaling.
Aircastle, a global aircraft leasing company based in the United States, has finalized a significant financing arrangement with Mitsubishi UFJ Financial Group (MUFG) of Japan. The agreement includes a $600 million unsecured term loan, which is set to mature in April 2030, providing long-term support for Aircastle’s operational and strategic objectives.
Eastar Jet, a low-cost carrier based in South Korea, has announced a planned capital increase of $43.9 million, set to be completed within June 2025. The move is part of a broader effort to strengthen the airline’s financial foundation and enable fleet growth as it continues its recovery in the post-pandemic aviation environment.
Aviation Capital Group (ACG), a leading U.S.-based aircraft leasing firm, has successfully closed a $1 billion delayed draw secured credit facility, marking a substantial addition to its financial flexibility. The facility was arranged with a syndicate of lenders and is set to mature in June 2027, offering the company a strong liquidity buffer for upcoming strategic initiatives.
Tarom, the flag carrier of Romania, has received shareholder approval for a $6.6 million capital injection from the Ministry of Transport, scheduled for late 2024. This move is a part of the airline’s ongoing restructuring strategy aimed at stabilizing operations and improving long-term viability.
Madagascar Airlines is actively seeking financial support from the World Bank to facilitate its growth strategy, which includes expanding its fleet to seven aircraft by 2027. The move underlines the airline’s intent to improve its connectivity and service capacity across both domestic and regional markets.
Boeing recorded a significant uptick in commercial activity for May 2025, logging 303 gross aircraft orders and delivering 45 aircraft during the month. The company also rolled out 38 units of the B737 MAX, underscoring the model’s ongoing production ramp-up and global demand.
WestJet, one of Canada’s largest airlines, is considering an initial public offering (IPO) as part of its long-term strategic roadmap. The update was shared by Onex Corporation, the airline’s parent company, which has described a public offering as a “natural path” for the airline’s continued evolution and expansion.
Vietnam Airlines, the national flag carrier of Vietnam, has signed a memorandum of understanding (MOU) with ING, a Netherlands-based global financial institution, to secure funding of up to $1.5 billion. This significant agreement is part of the airline’s broader plan to finance strategic projects, modernize operations, and ensure long-term financial resilience.
Transat AT, a Canadian leisure airline and tour operator, has entered into an agreement in principle with the Canada Enterprise Emergency Funding Corporation (CEEFC) to restructure the significant debt it incurred during the COVID-19 pandemic. The debt was provided under the Large Enterprise Emergency Funding Facility (LEEFF)program, which was launched to assist major Canadian companies affected by the crisis.
