Ireland-based international aircraft lessor Avolon has delivered five new Boeing 737-8 MAX aircraft to recently-established Indian carrier Akasa Air.
The first delivery took place in December 2022 and the process was finished the following month, Avolon said, marking the end of its first deal with Akasa, which it said was a sale and leaseback transaction.
“We are excited to support new entrants to the market, so it is a pleasure to have completed this transaction to lease five new narrow-body aircraft to Akasa. We congratulate Akasa on their successful launch and look forward to building on our strong relationship with them," said Avolon president and chief commercial officer Paul Geaney.
"Since our launch last August we have rapidly added capacity, new routes and welcomed one million passengers to our unique offering," said Bhavin Joshi, Akasa;s co-founder and senior vice president - leasing and procurement. “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.