BOC Aviation, an aircraft operating leasing company, has signed purchase-and-leaseback agreements with Indigo for eight new Airbus A320 neo aircraft.
The aircraft will be powered by CFM Leap engines and are scheduled to be delivered in the second half of 2021.
Riyaz Peermohamed, chief aircraft acquisition and financing officer, Indigo, said:
“We are pleased to further strengthen our existing relationship with BOC Aviation. The addition of these eight A320 neo aircraft demonstrates our confidence in the future growth of the aviation market in India.”
Further elaborating on the partnership, Robert Martin, managing director, and chief executive officer, BOC Aviation, said:
“We are delighted to partner once again with Indigo, India’s largest passenger airline, as we continue to support our airline customers to finance their aircraft deliveries.”
Currently, Indigo has 284 aircraft in its fleet and operates over 1,100 daily flights, connecting 60 domestic destinations and six international destinations.
BOC Aviation has a fleet of 553 aircraft owned, managed, and on order. Its owned and managed fleet was leased to 87 airlines worldwide in 39 countries and regions as of December 31, 2020.