BOC Aviation has successfully concluded a finance lease arrangement involving four Airbus A320neo aircraft with InterGlobe Aviation (IndiGo). All four aircraft are equipped with CFM LEAP-1A engines and their delivery is scheduled for 2024.
Expressing satisfaction with the transaction, Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation, stated, “We are pleased to be closing another four finance leases with IndiGo. We continue to work closely with our long-time customer to support its expansion strategy as it builds a fleet of the latest-technology fuel-efficient aircraft. This marks our first transaction in the Year of the Dragon, setting the tone for the year as we continue growing our fleet by investing in the latest generation aircraft and partnering with high-quality customers.”
Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo, commented on the extended partnership, saying, “We are pleased to announce that we have extended our partnership with BOC Aviation through a lease agreement for four Airbus A320neo aircraft. These aircraft will be instrumental in supporting our expansion plans and strengthening our position in both domestic and international markets. At IndiGo, we are dedicated to providing our customers with unparalleled travel experiences, and this partnership will allow us to continue delivering affordable, on-time, and hassle-free travel across our extensive 6E network.”
