Avolon, an Ireland-based aircraft leasing company has announced that it has successfully completed the delivery of 5 new Boeing 737-8 MAX aircraft to Akasa Air, India’s newest airline. Delivery of the scheduled Boeing aircraft commenced in December 2022 and was completed in January 2023. This new sale and leaseback transaction is Avolon’s first deal with Akasa.
Paul Geaney, President and Chief Commercial Officer, Avolon said, “We are excited to support new entrants to the market, so it is a pleasure to have completed this transaction to lease 5 new narrowbody aircraft to Akasa. We congratulate Akasa on their successful launch and look forward to building on our strong relationship with them.”