InterGlobe Aviation Ltd (IndiGo) and BOC Aviation Limited have signed purchase-and-leaseback agreements for eight new Airbus A320NEO aircraft. The aircraft will be powered by CFM Leap engines and will be delivered in the second half of 2021, according to a press release issued by the Singapore-based aircraft leasing company.
Mr. Riyaz Peermohamed, Chief Aircraft Acquisition & Financing Officer, IndiGo, said: "We are pleased to further strengthen our existing relationship with BOC Aviation. The addition of these eight A320NEO aircraft demonstrates our confidence in the future growth of the aviation market in India.
Mr. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: "We are delighted to partner once again with IndiGo, India's largest passenger airline, as we continue to support our airline customers to finance their aircraft deliveries."
Shares of InterGlobe Aviation ended the trade at Rs 1,674.70, up 3.38% or Rs 54.75.
BOC Aviation is a leading aircraft leasing company with a fleet of 553 aircraft owned, operated and ordered. BOC Aviation is headquartered in Singapore and is listed on the Hong Kong Stock Exchange. It also has offices in Dublin, London, New York, and Tianjin.