TTT NEWS NETWORK
NEW DELHI | 20 MAY 2026
BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has agreed to purchase and leaseback a further three Boeing 737-8200 aircraft to existing customer Akasa Air(“Akasa”) on long-term operating leases. All aircraft will be powered by CFM LEAP-1B engines, and all are scheduled for delivery by end-2026.
“Following our successful transaction last November, we are pleased to be executing a further agreement with Akasa as it builds its business in India and beyond,” said Paul Kent, Chief Commercial Officer, BOC Aviation. “The Boeing 737-8200 on which it is centering its fleet development remains one of the world’s most popular single-aisle jets, demonstrates industry-leading fuel efficiency and is a cornerstone of our orderbook.”
Priya Mehra, Chief of Governance & Strategic Acquisitions, Akasa Air, said “We are pleased to further deepen our partnership with BOC Aviation through this second transaction that adds further three Boeing 737-8200 aircraft, which reflects a shared long-term conviction in Akasa Air’s growth trajectory and the strength of the Indian aviation market.
As a leading global aircraft lessor, BOC Aviation brings deep institutional expertise and a strong understanding of the evolving aviation landscape, making them an important strategic financing partner for Akasa Air. This agreement aligns with our disciplined approach to scaling the airline through a modern, fuel-efficient fleet while maintaining capital efficiency, financial flexibility, and long-term operational resilience.”
About BOC Aviation:
BOC Aviation is a leading global aircraft operating leasing company with a portfolio of 813 aircraft and engines owned, managed and on order. Its owned and managed fleet was leased to 88 airlines in 46 countries and regions worldwide as at 31 March 2026. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.
About Akasa Air:
Akasa Air is India’s most dependable airline, offering warm and efficient customer service, reliable operations, and affordable fares – all in the Akasa Way. Akasa’s youthful personality, employee-centric philosophy, tech-led approach, and culture of service make this commitment a reality for all Indians.
Akasa Air’s consistent on-time leadership, operational efficiencies and extremely positive customer feedback have made it a preferred carrier in India, serving over 27 million passengers since its launch in August 2022. Akasa Air currently connects with 27 domestic and seven international cities, namely Mumbai, Ahmedabad, Bengaluru, Chennai, Kochi, Delhi, Guwahati, Agartala, Pune, Lucknow, Goa, Hyderabad, Varanasi, Bagdogra, Bhubaneswar, Kolkata, SriVijaya Puram, Ayodhya, Gwalior, Srinagar, Prayagraj, Gorakhpur, Darbhanga, Kozhikode, Navi Mumbai, Dibrugarh, Noida, Doha (Qatar), Jeddah, Riyadh (Kingdom of Saudi Arabia), Abu Dhabi (UAE), Kuwait City (Kuwait), Phuket (Thailand) and Hanoi (Vietnam).
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