Press Release

BOC AVIATION SIGNS FINANCE LEASES WITH INDIGO FOR FOUR AIRBUS A320NEO AIRCRAFT

14 Feb 2024

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has entered into a finance lease transaction involving four Airbus A320NEO aircraft with InterGlobe Aviation Ltd. (“IndiGo”). The aircraft are all powered by CFM LEAP-1A engines. All four aircraft are scheduled for delivery in 2024.

“We are pleased to be closing another four finance leases with IndiGo. We continue to work closely with our long-time customer to support its expansion strategy as it builds a fleet of latest technology fuel-efficient aircraft,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “This is our first transaction in the year of the dragon, and it sets the tone for the year as we continue growing our fleet by investing in latest generation aircraft and partnering with high quality customers.”

“We are pleased to announce that we have extended our partnership with BOC Aviation through a lease agreement for four Airbus A320NEO aircraft. These aircraft will be instrumental in supporting our expansion plans and strengthening our position in both domestic and international markets. At IndiGo, we are dedicated to providing our customers with unparalleled travel experiences, and this partnership will allow us to continue delivering affordable, on-time, and hassle-free travel across our extensive 6E network,” said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 684 aircraft owned, managed and on order. Its owned and managed fleet was leased to 91 airlines in 45 countries and regions worldwide as at 31 December 2023. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin. For more information, visit www.bocaviation.com.

About IndiGo

IndiGo is amongst the fastest-growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are affordable, flights that are on time, and provide a courteous and hassle-free travel experience across its unparalleled network. With its fleet of 340+ aircraft, the airline is operating 2000+ daily flights and connecting 86 domestic destinations and 32 international destinations. India by IndiGo! For more information, please visit http://www.goindigo.in/ or download our mobile app. You can also connect with us on Facebook, Twitter, and Instagram

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For more information, please contact:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
[email protected]
www.bocaviation.com

C. Lekha
Tel: + 91 98040 00084
[email protected]   
https://www.goindigo.in/