IndiGo, BOC Aviation signs purchase-leaseback agreements for eight A320neo planes
"We are delighted to partner once again with IndiGo as we continue to support our airline customers to finance their aircraft.
"This incremental capital expenditure also reflects our disciplined investment strategy throughout the cycle, focused on building a portfolio of latest technology aircraft deliveries,"
AdvertisementAccording to the Q3 FY21 earnings presentation, IndiGo had 287 aircraft in its fleet at the end of December 31, 2020. Of these, 272 were on operating lease, while the remaining 15 were owned/finance lease.
"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," said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo.
With a fleet of 284 aircraft at present, the airline is operating over 1,100 daily flights, connecting to 60 domestic and six international destinations.
Hong Kong Stock Exchange-listed and
Tata Motors reports highest passenger vehicle sales in 9 years — Maruti, Ashok Leyland, outperform street expectations
Europe’s space agency is recruiting astronauts after over a decade — and its looking for women and people with physical disabilities
Indians are heading back to parks, supermarkets and pharmacies — but malls and theatres are not on the priority list
- Macrotech Developers IPO — here is how to check share allotment status
- PL 2021: Here’s a look at how Punjab Kings vs CSK play against each other
- Goa and Gurugram recorded highest single day of covid 19 cases today
- Wipro fears it may lose its employees to competitors as there is an explosion of IT jobs
- Citibank to exit consumer banking business in India