BOC Aviation to Lease 10 Airbus A320neo Aircraft to IndiGo
AUG 24, 2023 - 6:59 am
BOC Aviation entered into a finance lease transaction involving 10 Airbus A320neo aircraft with InterGlobe Aviation (IndiGo). The aircraft are all powered by CFM LEAP-1A engines. All 10 aircraft are scheduled to deliver 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,” Steven Townend, deputy managing director and CFO of BOC Aviation, said. “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,” Riyaz Peer Mohamed, chief aircraft acquisition and financing officer at IndiGo, said.
“[Miles] will go out of his way to make sure the people around him have everything they need to go as far in their careers as they want.” – Michelle Speranza, Chief Marketing Officer, LEAF Before he began to consider... read more
“You have to be enthusiastic about what you do. Even if you don’t think it’s that interesting when you first start a job, if you learn about it, it will become interesting. And with enthusiasm, you can become successful.” The... read more