Avolon Holdings Limited has agreed a sale and leaseback transaction with Akasa Air for up to seven Boeing 737-8200 aircraft, further expanding the partnership between the global aviation finance company and the Indian airline.
The aircraft will support Akasa Air’s continued fleet growth and network development in the Indian aviation market.
The Boeing 737-8200 is the highest-capacity variant of the 737-8 MAX. The aircraft combines operating economics with lower fuel consumption and emissions compared with previous-generation aircraft and has attracted demand from airlines seeking to improve efficiency while supporting fleet and network expansion.
Ramón Stortini, Managing Director, Middle East, Africa and South Asia at Avolon, said, “We are delighted to expand our partnership with Akasa Air through this transaction, a relationship that dates back to the very launch of the airline. India remains one of the most compelling growth markets in global aviation, supported by strong economic fundamentals and increasing demand for air travel.”
Priya Mehra, Chief of Governance and Strategic Acquisitions at Akasa Air, said, “We are pleased to further strengthen our partnership with Avolon through this third transaction, adding seven Boeing 737-8200 aircraft to our fleet. This continued collaboration is a testament to our shared long-term conviction in Akasa Air’s growth trajectory and the strength of the Indian aviation market.”
