Chinese Government-Backed Lessor Takes Stake in Norwegian Air

Amid the coronavirus pandemic, revenue sources of most airlines are petrified, thus forcing them to struggle to maintain the survival of their business. BOC Aviation, a global aircraft leasing company and a subsidiary of the state-owned Bank of China, has become a major shareholder in the struggling low-cost airline Norwegian Air Shuttle. Norwegian Air said in an announcement released on Wednesday that Ireland-based AerCap Holdings, the world's largest independent aircraft leasing company, will become the biggest shareholder with 15.9% of…