Bangladesh’s NovoAir to Resume Flights After Temporary Halt

NovoAir will resume scheduled passenger flights on May 21, 2025, following a temporary suspension that began on May 2 as the airline sought to restructure its operations. Managing Director Mofizur Rahman confirmed that while progress has been made in aircraft sales, discussions with potential investors remain at an early stage.

Rahman said the suspension was part of a broader business strategy and that it may take four to six more months to resolve ongoing financial and operational challenges. NovoAir is currently exploring new investment opportunities, ownership changes, and a fleet renewal plan.

The airline is controlled by Bangladesh-based Tusuka Group, which remains optimistic about the airline’s future. NovoAir had previously listed all five of its ATR72-500 aircraft for sale under a remarketing agreement with Airstream International Group. Although no recent sales have been reported, two ATRs were sold to Yeti Airlines earlier in 2024. The airline hopes to transition to Airbus A320-200s but has yet to secure any replacements.

Rahman confirmed that local investors, including the former owners of defunct United Airways, have expressed interest but are struggling with financing. So far, no foreign investors have come forward. NovoAir reportedly owes local banks approximately BDT1.5 billion (USD12.3 million).

NovoAir typically operates domestic flights connecting Dhaka with Chittagong, Cox’s Bazar, Jessore, Rajshahi, and Saidpur. The airline directly employs around 650 people and is seeking to restore regular service while working on a long-term financial and operational recovery plan.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com