IndiGo has initiated conversations with two lessors for the sale and leaseback of 12 ATR 72-600s and their engines, according to local media reports.
The Hindu Business Line reports that talks have been on with at least two lessors, including Aergo Capital and DAE.
Responding to a query from Business Line, IndiGo said, “We are working to close these transactions but it will be difficult to give a specific timeframe for its completion. Apart from this, we will continue to finance our new aircraft deliveries in the ordinary course as more planes are delivered.”
As of June 30, 2020, IndiGo has 274 aircraft in its fleet, of which it owns 29. The airline has 25 ATRs in its fleet.