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BOC Aviation Signs Purchase-and-Leaseback Agreement with IndiGo

BOC Aviation has signed purchase-and-leaseback agreements with IndiGo for eight new A320NEO aircraft. The aircraft will be powered by CFM Leap engines and are scheduled to be delivered in the second half of 2021.

Riyaz Peermohamed, Chief Aircraft Acquisition & Financing Officer, IndiGo, said: “We are pleased to further strengthen our existing relationship with BOC Aviation. The addition of these eight A320 neo aircraft demonstrates our confidence in the future growth of the aviation market in India.”

Robert Martin, MD & CEO, BOC Aviation, said: “We are delighted to partner once again with IndiGo, India’s largest passenger airline, as we continue to support our airline customers to finance their aircraft deliveries.”

“This incremental capital expenditure also reflects our disciplined investment strategy throughout the cycle, focused on building a portfolio of latest technology aircraft,” Martin added.

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