SINGAPORE- BOC Aviation Limited is excited to announce its engagement in a finance lease transaction involving ten Airbus A320neo aircraft with InterGlobe Aviation Ltd-operated IndiGo (6E) Airlines.
All these aircraft are equipped with CFM LEAP-1A engines. The anticipated delivery schedule for all ten aircraft is set for the year 2023.
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IndiGo Leases A320neo from BOC Aviation
“We are pleased to continue our collaboration with our longstanding partner IndiGo, facilitating the airline’s fleet expansion with cutting-edge technology aircraft,” stated Steven Townend, Deputy Managing Director and Chief Financial Officer of BOC Aviation.
“This demonstrates our capability to implement innovative financing frameworks, fostering our sustainable growth over the long term.”
Riyaz Peer Mohamed, Chief Aircraft Acquisition and Financing Officer at IndiGo stated
“We are excited to strengthen our partnership with BOC Aviation through this lease agreement for the ten aircraft. This extended cooperation with BOC Aviation aligns with our strategy to expand in both domestic and international markets. Given India’s status as one of the world’s fastest-growing civil aviation markets, these aircraft will empower IndiGo to fortify its presence in the region.”
6E Eyes Boeing 787s
According to sources from the industry who spoke to Reuters, Boeing is reportedly leading the competition to secure an order of approximately 25 787 Dreamliner aircraft from IndiGo (6E).
IndiGo Airlines is currently engaged in discussions regarding the potential purchase of Boeing’s 787 family of twin-aisle planes
Subsequently, these negotiations have pitted Boeing’s offerings against Airbus‘ A330neo jets, as indicated by knowledgeable insiders.
However, the sources emphasized that no definitive decision has been reached. Further, they requested anonymity due to the confidential nature of the ongoing negotiations.
About BOC Aviation
BOC Aviation is a prominent international entity specializing in aircraft operating leasing, boasting a fleet totaling 652 aircraft across ownership, management, and pending orders.
As of June 30, 2023, its fleet, both owned and managed, has been engaged by 91 airlines spanning 42 countries and regions across the globe.
BOC Aviation is publicly listed on the Hong Kong Stock Exchange (HKEx code: 2588). Further, it maintains its headquarters in Singapore, complemented by operational offices in Dublin, London, New York, and Tianjin.
Feature Image: Harsh Tekriwal (@avgeekwithlens) • Instagram photos and videos
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