India's Akasa Air adds seven Boeing 737 MAX aircraft in latest Avolon deal
India’s Akasa Air is adding up to seven Boeing 737-8200 aircraft to its fleet through a new sale and leaseback agreement with aviation finance company and plane lessor Avolon. The deal expands the partnership between Avolon and Akasa Air and will support the Indian airline’s continued fleet growth and network expansion. The Boeing…
India's Akasa Air is expanding its fleet by adding up to seven Boeing 737-8200 aircraft, as part of a new sale and leaseback agreement with aviation finance company Avolon. This deal is the third between the two companies, according to Priya Mehra, Akasa Air's Chief of Governance and Strategic Acquisitions. Mehra stated that the partnership is a testament to their shared long-term conviction in Akasa Air's growth trajectory and the strength of the Indian aviation market.
Avolon's Managing Director for Middle East, Africa, and South Asia, Ramón Stortini, expressed his pleasure at expanding their partnership with Akasa, noting that India remains one of the most compelling growth markets in global aviation. This latest transaction is expected to support Akasa Air's continued fleet growth and network expansion, with the Boeing 737-8200 being the highest-capacity variant of the 737-8 MAX.
Avolon's fleet as of June 30 this year included 1,117 aircraft, working with 138 airlines across 60 countries.
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