BOC Aviation and IndiGo sign lease agreements for ten A320neos

BOC Aviation has entered into a finance-lease transaction involving ten Airbus A320neo aircraft with InterGlobe Aviation Ltd. (IndiGo). The aircraft are all powered by CFM LEAP-1A engines. All ten aircraft are scheduled for delivery in 2023.

“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,” said Riyaz Peer Mohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo.

IndiGo is amongst the fastest-growing low-cost carriers in the world. With its fleet of over 300 aircraft, the airline is operating well about 1,900 daily flights and connecting 79 domestic destinations and will soon further grow its footprint to 32 international destinations.