Avolon Delivers 15 Airbus A320/A321neo Aircraft to IndiGo
Avolon, the international aircraft leasing company, announces it has completed the delivery of 15 A320neo family aircraft to IndiGo, India’s largest passenger airline.
Delivery of the aircraft commenced in September 2022 and was completed February 2023. The sale and leaseback transaction comprised a mix of six A320neo aircraft and nine A321neo aircraft.
Paul Geaney, President and Chief Commercial Officer, Avolon commented: “We are proud to support IndiGo through this sale and leaseback of fifteen fuel efficient Airbus neo aircraft. We look forward to playing a central role with IndiGo as they continue to build on their position as a leading
carrier in the Indian market.”
Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo commented: “We are pleased to have completed this deal with Avolon, which is part of IndiGo’s broader expansion plans and the upgrading of our fleet. In 2023 we are committed to enhancing connectivity both within Indian and Internationally.”
Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is a global leader in aircraft leasing with an owned, managed and committed fleet, as of 31 December 2023 of 834 aircraft. Learn more at www.avolon.aero
IndiGo is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are low, flights that are on time, offering a courteous, hygienic, and hassle-free travel experience. With its fleet of 300 aircraft, the airline is operating over 1700 daily flights and connecting 78 domestic destinations and 26 international destinations. For more information, please visit www.goIndiGo.in