Norwegian, the low-cost carrier based in Norway, has confirmed that it will repay half of the $115 million convertible loan previously granted by the Norwegian government. The remaining balance of the loan will be converted into equity, effectively leaving the State with a 6.37% ownership stake in the airline.
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Fly All Ways, an airline based in Suriname, has taken delivery of its first Airbus A320. This marks a significant milestone in the carrier’s expansion plans, as the aircraft will support operations across key destinations in the Caribbean, South America, and North America.
Air Mauritius has unveiled a renewed business strategy under the leadership of Chairman Kremchand Beegoo, outlining its target to return to profitability by 2026. The national carrier of Mauritius is aiming for a complete operational and financial recovery by 2027, following significant challenges in recent years, including the pandemic’s prolonged impact on tourism and international air travel.
China Eastern Airlines has achieved a significant milestone by operating the C919’s first scheduled commercial flight outside mainland China. The flight, which departed from Shanghai and landed in Hong Kong, marks the aircraft’s debut on an international route, replacing the Airbus A321 on this sector.
Crestone Air Partners, a U.S.-based aviation investment firm, has expanded its fleet with the acquisition of four Airbus A321 aircraft.
EPCOR, a subsidiary of the Dutch aerospace group AFI KLM E&M, specializing in Auxiliary Power Unit (APU) services, and Finnair, the flag carrier of Finland, have agreed to extend their maintenance contract for an additional five years. This agreement covers the GTCP331-350 APUs installed on Finnair’s fleet of Airbus A330 aircraft.
Frontier Group Holdings, the parent of ultra-low-cost carrier Frontier Airlines, has announced its financial performance for the first quarter of 2025, reporting total operating revenues of $912 million, a 5% increase year-over-year. However, despite the revenue growth, the company posted a net loss of $43 million for the quarter.
