Griffin Global Asset Management completed the mandate for purchase and leaseback of five Boeing 737-8 aircraft with Akasa Air, a new airline based in India. The aircraft deliveries are scheduled to begin in June 2022 and will include Akasa Air’s first several aircraft.

“We were introduced to Akasa Air’s management team over a year ago and have watched with excitement as they skillfully built the airline from the ground up. We are honored to enter into this long-term relationship right from Akasa’s launch. They have developed a business strategy that addresses a need in the market and assembled a very impressive team to execute that plan,” Ryan McKenna, CEO of Griffin Global Asset Management, said.

“We are pleased to have Griffin as our partners in growth as we embark on our aviation journey.” Vinay Dube, founder, managing director and CEO of Akasa Air, said “The high degree of confidence and endorsement from the Griffin team is a testimony to Akasa Air’s robust and sustainable future.”