BOC Aviation Limited, a prominent global aircraft operating leasing company, has announced a finance lease transaction involving ten Airbus A320NEO aircraft with InterGlobe Aviation Ltd. (IndiGo), a long-standing customer. The A320NEO aircraft in question are all equipped with CFM International CFM LEAP-1A engines, and they are set to be delivered to IndiGo throughout the year 2023. The lease agreement between BOC Aviation and IndiGo showcases the commitment of both companies to the growth and advancement of the aviation industry, particularly in a market as dynamic and promising as India.
Steven Townend, Deputy Managing Director and Chief Financial Officer, BOC Aviation, said, “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. This showcases our ability to deploy alternative financing structures, to continue our long-term sustainable growth.”