Addition of aircraft demonstrates confidence in the Indian aviation growth
BOC Aviation Limited has signed purchase-and-leaseback agreements with InterGlobe Aviation Ltd (IndiGo) for eight new Airbus A320NEO aircraft, demonstrating the airlines’ confidence in the future growth of the aviation market in India
“The addition of these eight A320NEO aircraft demonstrates our confidence in the future growth of the aviation market in India,” Riyaz Peermohamed, Chief Aircraft Acquisition & Financing Officer, IndiGo, said on 1 Mar 2021.
Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, added “This incremental capital expenditure also reflects our disciplined investment strategy throughout the cycle, focused on building a portfolio of latest technology aircraft,” added Mr. Martin.
The eight aircraft, to be powered by CFM Leap engines, are scheduled to be delivered in the second half of 2021. #banking #financing #airlines #investment /fiinews.com
