BOC Aviation Limited, a prominent global aircraft operating leasing company, has announced a significant partnership with InterGlobe Aviation Ltd., the parent company of IndiGo, one of the world’s fastest-growing low-cost carriers. The collaboration involves a finance lease transaction for ten Airbus A320NEO aircraft, all powered by CFM LEAP-1A engines, with scheduled deliveries throughout 2023.
Steven Townend, Deputy Managing Director and Chief Financial Officer, BOC Aviation said
“We are delighted to be embarking on another transaction with our long-time customer IndiGo, to enable the airline to expand its fleet with the latest technology aircraft. This showcases our ability to deploy alternative financing structures, to continue our long-term sustainable growth.”
Riyaz Peer Mohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo said
“We are pleased to enhance our partnership with BOC Aviation with the lease agreement for these 10 aircraft. This extended collaboration with BOC Aviation is part of our expansion strategy across domestic and international markets. India is currently among the fastest growing civil aviation markets in the world and these aircraft will help IndiGo consolidate its position in the region,”
IndiGo, operating a fleet of about 320 aircraft, IndiGo maintains a vast network connecting 81 domestic destinations, and it is poised to expand its footprint further with 32 international destinations on the horizon.
