MUMBAI- May 19 2023, AerCap Holdings has successfully fulfilled its lease agreement with Tata-backed Air India (AI) by delivering four brand new Airbus A321neo aircraft.
These aircraft, equipped with CFM LEAP-1A engines, mark the introduction of the first A321neo aircraft into the Air India fleet.
AerCap Delivers Four A321neo to Air India
Peter Anderson, the Chief Commercial Officer of AerCap, expressed his enthusiasm for Air India’s fleet transformation and the airline’s return to Tata Group ownership.
He stated, “It is a very exciting time for Air India as it returns to Tata Group ownership. Further transitions its fleet to meet the rapidly growing Indian aviation market. Subsequently, AerCap is delighted to play a role in Air India’s fleet transformation by providing its first tranche of NEO aircraft on operating lease. Furthermore, We wish Air India and the Tata Group every success as they restore Air India to one of the world’s leading airlines.”
According to Nipun Aggarwal, Chief Commercial & Transformation Officer of Air India, the addition of these four newly leased Airbus A321neo aircraft is a significant milestone in the airline’s ongoing transformation.
He expressed, “These four new, leased Airbus A321neo aircraft join our fast-growing fleet. As part of the sweeping transformation in progress at Air India. Subsequently, We look forward to continuing our very successful partnership with AerCap. Furthermore, we continue to build Air India as one of the world’s finest airlines.”
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About Both Companies
AerCap is a prominent player in the aviation leasing sector and is the global leader in this field. With an impressive order book, AerCap offers comprehensive fleet solutions to around 300 customers worldwide.
The company is listed on the New York Stock Exchange under the symbol AER and is headquartered in Dublin, Ireland. Additionally, AerCap has offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse, and various other locations across the globe.
Air India, established by the renowned JRD Tata, holds a significant position in India’s aviation industry. Commencing its inaugural flight on October 15, 1932, Air India has evolved into a prominent international airline. Further, with an extensive domestic network and global connectivity spanning the USA, Canada, UK, Europe, Far-East, South-East Asia, Australia, and the Gulf region.
As a proud member of the Star Alliance, the largest global airline consortium. Further, Air India has solidified its presence in the international aviation landscape.
In January 2022, after being a government-owned enterprise for 69 years, Air India and Air India Express rejoined the Tata group.
Under the guidance of Vihaan.AI, the present management at Air India is committed to a comprehensive five-year transformation roadmap. The objective is to establish Air India as a world-class global airline. Furthermore, with a distinct Indian identity and unwavering commitment.
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