BOC Aviation Ltd, headquartered in Singapore, announced on Wednesday that it has finalized a finance lease agreement with InterGlobe Aviation Ltd (IndiGo) for four Airbus A320NEO aircraft. Steven Townend, CEO and Managing Director of BOC Aviation, expressed satisfaction with the deal, stating, “We are pleased to be closing another four finance leases with IndiGo. We continue to work closely with our long-time customer to support its expansion strategy as it builds a fleet of the latest technology fuel-efficient aircraft.”
What kind of engine is installed in A320NEO aircraft?
All four aircraft are equipped with CFM LEAP-1A engines and are scheduled for delivery in 2024. Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo highlighted the significance of these aircraft in supporting the company’s expansion plans and strengthening its position in both domestic and international markets.
Indigo’s attempt to deliver enhanced travel experience
Peermohamed further emphasized IndiGo’s commitment to delivering unparalleled travel experiences for its customers, stating that this partnership would allow them to continue delivering affordable, on-time, and hassle-free travel across their extensive 6E network.
(With PTI Inputs)