GE Capital Aviation Services and the ventures it services agreed a to purchase/leaseback arrangement for 14 LEAP-powered Airbus neo aircraft with IndiGo. The seven A320neo and seven A321neo are scheduled to deliver between Q4/21 and the middle of 2022.

GECAS has supported the fleet needs of IndiGo since it commenced operations in 2006.

“GECAS remains proud to support IndiGo’s exciting growth over the past 15 years, and adding these 14 neos is a true honor,” Aashish Sonawala, senior vice president and Asia-Pacific regional manager for GECAS, said.

“While putting our own capital to work, GECAS’ strategic platforms are providing additional capacity to meet the needs of our global customer relationships,” John Bordeaux, chief investment officer of GECAS, said. “We’re very pleased to lend our extensive expertise and network to identify the best opportunities for our investment partners.”