
Novoair, one of Bangladesh’s three private airlines, has temporarily suspended all flight operations as of May 2, 2025, in a bold move aimed at reshaping its future amid mounting financial and operational challenges.
The Dhaka-based carrier announced that the pause in service is part of a strategic initiative to sell off its current fleet of ATR 72-500 aircraft and attract new investment to stabilize its finances. The airline’s management emphasized that the suspension is not a shutdown but a temporary measure designed to support long-term restructuring.
The decision comes during a turbulent time for the regional airline, which has been navigating a slowdown in passenger bookings, rising operational costs, and a shifting domestic travel landscape. Industry sources report that two of Novoair’s aircraft were sold to Nepal’s Yeti Airlines in early 2024, and inspections by foreign buyers are currently underway for the remaining fleet.
Founded in 2013, Novoair has built a reputation for reliable domestic service, having transported over 7.5 million passengers across 100,000 flights. Yet, signs of strain have emerged over the past year. The airline’s only international route—to Kolkata—was suspended in September 2024 due to weak demand, and broader challenges such as improved highway infrastructure and the Padma Bridge have further squeezed domestic air travel demand.
Compounding the pressure are rising costs and the global difficulty of securing newer aircraft on lease, particularly for small regional carriers in competitive markets.
Despite the hurdles, Novoair remains focused on a future comeback. Officials say the airline is exploring options to modernize its fleet and revive international routes, with the aim of resuming operations once its financial footing is secure.
"This is a temporary pause, not an end," a Novoair spokesperson stated. “We are working diligently to return to the skies with a leaner, stronger operation.”
As Bangladesh’s aviation sector continues to evolve, Novoair’s strategic suspension underscores both the challenges and potential for growth faced by smaller carriers striving to adapt in a dynamic regional market.