IndiGo and BOC Aviation sign an agreement for four aircraft

BOC Aviation Ltd, a Singaporean company, said on Wednesday that it and InterGlobe Aviation Ltd. (IndiGo) had signed into a financing leasing agreement.

Four Airbus A320NEO planes are the subject of the inked agreement.

The chief executive officer and managing director of BOC Aviation, Steven Townend, said, “We are pleased to be closing another four finance leases with IndiGo.”

According to a press statement from Townend, “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.” The engines of each aircraft are CFM LEAP-1A models. The delivery of all four aircraft is planned for 2024.

“We are happy to announce that we have strengthened our relationship with BOC Aviation by entering into a lease agreement for four Airbus A320NEO aircraft,” said IndiGo’s Chief Financing and Acquisition Officer, Riyaz Peermohamed. He went on to say that these aircraft would be crucial to the company’s ambitions for growth and to fortifying our position in both home and foreign markets.

“We at IndiGo are committed to giving our customers the best possible travel experiences, and this partnership will enable us to keep offering reasonably priced, punctual, and hassle-free travel throughout our vast 6E network,” the spokesperson said.