24 August, 2023

IndiGo signs lease deal for 10 Airbus A320NEO jets from BOC Aviation

IndiGo, the budget Indian airline that operates around 1900 daily flights connecting 79 domestic and 25 international destinations, has signed a deal to lease ten Airbus A320NEO aircraft from the aircraft leasing giants, BOC Aviation.  These fuel-efficient and reliable jets are all powered by CFM LEAP-1A engines and are scheduled for delivery during the rest of this year. 

“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,” said Steven Townend, Deputy Managing Director and Chief Financial Officer, BOC Aviation. “This showcases our ability to deploy alternative financing structures, to continue our long-term sustainable growth.”

“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,” said Riyaz Peer Mohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo.