Bloomberg
• Danny Lee, Kate Duffy, Siddharth Philip
Norse Atlantic is discussing leases for Boeing 787 Dreamliners with two Asian airlines, according to people familiar with the matter, as the long-haul low-cost carrier faces constrained cash reserves and higher fuel costs. The move could provide liquidity while reducing exposure to its widebody fleet.
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South African Airways has placed acting group chief executive Matshela Seshibe on immediate special leave, just four months after his appointment. The carrier has named a new acting chief, but has not disclosed the reasons for the move or the scope and timing of the internal investigation.
Norse Atlantic is discussing leases for Boeing 787 Dreamliners with two Asian airlines, according to people familiar with the matter, as the long-haul low-cost carrier faces constrained cash reserves and higher fuel costs. The move could provide liquidity while reducing exposure to its widebody fleet.
Brazilian airline GOL has secured a $160 million loan to fund maintenance, repair and overhaul activities. The financing provides dedicated capital for the carrier’s MRO requirements.
High activity
Air India plans to add more than 100 aircraft in 2027 and 2028 while retrofitting legacy 787-8s at Boeing’s Shanghai facility. Separately, Akasa Air agreed to a sale-and-leaseback for up to seven 737 MAX 8-200s, supporting continued fleet and network expansion.
Ethiopian Airlines says it cannot repatriate $90 million in ticket revenue held in overseas markets, including $45 million trapped in Russia because of financial sanctions imposed after the war in Ukraine. The blocked funds underscore the cash-flow and settlement risks sanctions create for international carriers.
British Airways owner International Airlines Group questioned the price tag attached to Heathrow Airport’s planned expansion and third runway in evidence submitted to a parliamentary committee, underscoring concern from a major airport user over the project’s financial burden.
Air Canada expects September and October revenue to break records, driven by premium travelers shifting trips away from Europe and Japan’s peak summer heat and crowds. The outlook points to continued strength in premium demand and a potentially broader seasonal reshaping of long-haul travel patterns.
High activity
Airlines are gradually restoring grounded aircraft to service after a years-long engine crisis, improving fleet availability while facing a slower financial recovery. The costs of repairs, maintenance and prolonged downtime continue to weigh on operators even as aircraft return to active fleets.
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