SINGAPORE- BOC Aviation Limited is delighted to inform that it has engaged in a finance lease arrangement encompassing four Airbus A320neo aircraft with InterGlobe Aviation-owned IndiGo Airlines (6E).
The aircraft are all equipped with CFM LEAP-1A engines, and their delivery is scheduled for 2024.
IndiGo Leases A320neo Aircraft from BOC Aviation
“We are pleased to finalize another four finance leases with IndiGo. We continue to collaborate closely with our long-standing customer to support its expansion strategy as it develops a fleet of the latest technology fuel-efficient aircraft,” stated Steven Townend, Chief Executive Officer, and Managing Director of BOC Aviation.
“This marks our inaugural transaction in the year of the dragon, setting the tone for the year as we persist in expanding our fleet by investing in the latest generation aircraft and partnering with high-quality customers.”
“We are pleased to announce the extension of our partnership with BOC Aviation through a lease agreement for four Airbus A320NEO aircraft. These aircraft will play a crucial role in supporting our expansion plans and enhancing our position in both domestic and international markets. At IndiGo, we are committed to providing our customers with unparalleled travel experiences, and this partnership will enable us to continue delivering affordable, on-time, and hassle-free travel across our extensive 6E network,” expressed Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo.
Leasing Aircraft
The decision to lease more aircraft comes as the airline struggles with the grounding of around 70 aircraft due to Pratt and Whitney engine issues.
This month, IndiGo reportedly signed an agreement with Qatar Airways (QR) to lease 5 737 MAX 8 aircraft.
Earlier, IndiGo proactively retained 14 of its older Airbus A320ceo aircraft. Further, they extended leases for 36 more planes.
Subsequently, in August 2023, IndiGo leased 10 A320neo aircraft from BOC Aviation to fulfill the staggering demand arising from the festive travel quarter.
About BOC and 6E
BOC Aviation stands as a leading global aircraft operating leasing company boasting a fleet of 684 aircraft owned, managed, and on order. As of December 31, 2023, its owned and managed fleet was leased to 91 airlines spanning 45 countries and regions worldwide.
BOC Aviation is publicly listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore, with additional offices in Dublin, London, New York, and Tianjin.
IndiGo ranks among the fastest-growing low-cost carriers globally. The airline adheres to a straightforward philosophy: providing affordable fares, punctual flights, and a courteous, hassle-free travel experience across its extensive network.
With a fleet exceeding 340 aircraft, IndiGo operates over 2000 daily flights, connecting 86 domestic destinations and 32 international destinations.
Stay tuned with us. Further, follow us on social media for the latest updates.
Join us on Telegram Group for the Latest Aviation Updates. Subsequently, follow us on Google News.
