DALLAS — Bangladesh’s Novoair (VQ), one of the country’s three private airlines, temporarily suspended all flight operations as of May 2, 2025.
The airline management has stated that the suspension is a strategic move to facilitate the sale of its current fleet of ATR 72-500 aircraft while it seeks new investors because of its financial struggles.
According to various aviation news outlets, the airline decided to halt operations amid a period of uncertainty. This includes a booking slowdown and the sale of two ATR 72 aircraft to Nepal Yeti Airlines in early 2024. Additionally, airline officials have confirmed that a foreign entity had been scheduled to inspect the aircraft as part of the sale process.
Since its inception in 2013, NVQ has flown over 7.5 million passengers on 100,000 flights within Bangladesh. However, the airline's only international route, to Kolkata, has been suspended since September 2024 due to insufficient demand.
Novoair is facing several challenges, including shrinking domestic market demand driven by improvements in road infrastructure and completion of the Padma Bridge, rising operational costs, and constraints regarding leasing newer aircraft in a competitive global market.
Despite these difficulties, the airline focuses on modernizing its fleet and hopes to resume international operations once it overcomes its financial and operational hurdles.
To conclude, while NVQ suspension is a temporary measure, it reflects the airline's broader strategy of fleet optimization and securing necessary financial backing. The airlines have emphasized that the halt is not permanent and are committed to opening more flights as soon as they stabilize their operations.
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June 2025
