Deucalion Aviation extends 737-800 leases with Norwegian

Deucalion Aviation has confirmed the long-term lease extension of two Boeing 737-800 aircraft with Norwegian Airlines, effective from August 21st 2025. The extension strengthens an already well-established relationship between the global aviation asset manager and one of Europe’s leading low-cost carriers, ensuring continuity of service and reliability for both parties.

The two aircraft have been an integral part of Norwegian’s fleet for many years, contributing to the airline’s efficient operations across its European and long-haul network. The decision to extend their leases underlines both the durability of the Boeing 737-800 platform and Norwegian’s trust in Deucalion as a dependable partner capable of managing assets effectively across different market conditions.

Bjorn Batenburg, Senior Vice President of Airline Marketing at Deucalion commented: “We have been managing these aircraft with Norwegian through various cycles for many years now and are very pleased to see these very reliable and productive aircraft stay with Norwegian for the foreseeable future. This is another milestone in our valued partnership with Norwegian and also testimony to Deucalion’s ability to manage aircraft through the cycles for top-tier airlines and create value for our investors.”

The lease extension comes at a time of continued recovery and growth in the aviation industry, with airlines focusing on fleet stability and efficiency to meet rising demand. For Norwegian, retaining these aircraft supports its strategy of operating a modern, fuel-efficient fleet to deliver affordable fares while reducing its environmental footprint.

For Deucalion, the agreement highlights its expertise in managing commercial aircraft assets for top-tier airlines worldwide, further demonstrating its commitment to long-term value creation for investors. The company continues to play a pivotal role in structuring and managing transactions that benefit both airlines and stakeholders across the aviation sector.