International aircraft leasing company Avolon has completed the delivery of 5 new Boeing 737-8 MAX aircraft to Akasa Air, India’s newest airline.
Delivery of the aircraft commenced in December 2022 and was completed in January. The sale and leaseback transaction is Avolon’s first deal with Akasa.
“We are excited to support new entrants to the market, so it is a pleasure to have completed this transaction to lease 5 new narrowbody aircraft to Akasa,” said Paul Geaney, President and Chief Commercial Officer at Avolon. “We congratulate Akasa on their successful launch and look forward to building on our strong relationship with them.”
“Since our launch last August we have rapidly added capacity, new routes and welcomed one million passengers to our unique offering,” said Bhavin Joshi, Co-Founder and Sr. Vice President – Leasing & Procurement at Akasa Air. “We are delighted to join hands with Avolon and will continue to invest in new technology aircraft that can offer superior reliability and carbon efficiency.”
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