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.
Cyprus Airways has expanded its fleet with the delivery of an Airbus A220-300, registered under serial number 55344, marking a continued investment in modern, fuel-efficient aircraft. The aircraft is powered by PW1500G engines, manufactured by Pratt & Whitney, and joins the airline’s growing next-generation fleet.
Sunclass Airlines, a Denmark-based leisure airline, has announced plans to resume its Orebro (Sweden) to Larnaca (Cyprus) service. The seasonal flights will operate between August 11 and October 6, 2025, utilizing the state-of-the-art Airbus A321neo.
Discover Airlines (Germany) has revealed plans to launch a new Frankfurt–Larnaca route, with operations set to commence on 26 October 2025. The flights will be operated by the airline’s Airbus A320, further enhancing its network across Europe.
Zela Aviation (Cyprus) has successfully facilitated an ACMI partnership between Air Peace (Nigeria) and AirExplore(Slovakia). The agreement will see the lease of four aircraft from AirExplore to Air Peace for operations during the winter 2024/25 season.
Tus Airways, based in Cyprus, has announced a shift in its ownership structure as Logo Jet of Israel increased its holdings to become the airline’s majority shareholder. Logo Jet recently acquired an additional 41.6% of Tus Airways’ shares, bringing its total ownership to 75%. The remaining shares are held by Global Knafaim Leasing (Israel) and Kenneth Woolley, each retaining a 12.5% stake in the airline.
GE Aerospace, a major player in aviation engine manufacturing, has entered an MRO offload agreement with United Aerospace Maintenance Company based in Cyprus. This partnership will focus on providing quick turn workscopes for LEAP engines, allowing GE Aerospace to enhance its maintenance capabilities and improve turnaround times for customers. The LEAP engine, known for its fuel efficiency and advanced technology,…
