BOC Aviation Limited on Monday announced that it has signed purchase-and-leaseback agreements with InterGlobe Aviation Ltd. for Indigo’s eight new Airbus A320NEO aircraft.
The aircraft will be powered by CFM Leap engines and are scheduled to be delivered in the second half of 2021.
BOC-IndiGo Strengthen Ties
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.”
Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said they were delighted to partner once again with IndiGo, India’s largest passenger airline, as they continue to support our airline customers to finance their aircraft deliveries.
“This incremental capital expenditure also reflects our disciplined investment strategy throughout the cycle, focused on building a portfolio of latest technology aircraft,” added Mr. Martin.
IndiGo is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are low, flights that are on time, offering a courteous, hygienic, and hassle-free travel experience.
With its fleet of 284 aircraft, the airline is operating over 1100 daily flights and connecting 60 domestic destinations and 6 international destinations. For more information, please visit www.goIndiGo.in.
BOC Aviation is a leading global aircraft operating leasing company with 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.
BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York, and Tianjin.