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…
It’s no secret that over the past few years Norwegian has been standing on a very thin rope, accumulating losses, seeking additional cash injection and restructuring routes in order to stay afloat. As COVID-19 hardly hits the global aviation year as no event in the past century; Norwegian’s Danish and…
Norway will soon have its own non-stop link to China once Hainan Airlines begins service between Oslo and Beijing. Hainan Airlines will be launching the service on May 15, making this the very first nonstop route between Norway and mainland China and the first non-stop Nordic service for the airline.…
In a ceremony held on Wednesday at Embraer's facility in São José dos Campos in Brazil, Norwegian airline Widerøe accepted the first produced Embraer E190-E2 aircraft, the newest family that the Brazilian aircraft builder is developing. The aircraft type is part of a reimagined version of its current E-Jet fleet,…
