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.
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.
Aergo Capital has announced the promotion of Catherine Power to the role of Chief Legal Officer, marking a key step in the lessor’s ongoing efforts to strengthen its internal leadership structure. This appointment reflects the company’s confidence in Power’s legal acumen and long-standing contribution to Aergo’s strategic and regulatory affairs.
WestJet, Canada’s Calgary-based airline, has expanded its single-aisle operations with the leased delivery of a Boeing 737-8, bearing serial number 44298. The aircraft is powered by LEAP-1B27 engines, manufactured by CFM International, continuing the airline’s transition toward a more efficient and environmentally friendly fleet.
Tarom, the Romanian flag carrier, is set to wet lease an Airbus A320 from Malta MedAir starting 12 June 2025. The aircraft will be used to operate flights on the Bucharest–Amsterdam route, enhancing schedule reliability and operational flexibility during the busy summer travel period.
PLAY Europe, the Maltese branch of Icelandic low-cost airline PLAY, has expanded its fleet with the delivery of an Airbus A321neo, serial number 7939, under a lease agreement. The aircraft is powered by LEAP-1A32 engines supplied by CFM International, enhancing the carrier’s fuel efficiency and range capabilities.
Griffin Global Asset Management, an Ireland-based aircraft leasing company, has finalized long-term lease agreements with United Airlines for six new Boeing 737-9 aircraft, all of which were delivered during April and May 2025. The deal underlines Griffin’s strategic relationship with one of the world’s largest carriers and reflects growing demand for fuel-efficient narrowbody jets.
Garuda Indonesia has announced a major fleet expansion plan aiming to add up to 120 aircraft over the next five years. This bold move is part of the airline’s strategy to reclaim dominance in the domestic aviation market, with a target of achieving 50% market share across Indonesia.
FlyKhiva, a cargo airline based in Uzbekistan, is planning to lease up to three Boeing 767-300F aircraft by the end of 2025, signaling an aggressive expansion of its freighter fleet. The move reflects FlyKhiva’s ambition to enhance its capacity and solidify its presence in long-haul cargo markets connecting Asia and Europe.
